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Country the price of silver

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Reference no: EM131347997

Suppose that in some country the price of silver increased from $40 per ounce to $42 per ounce during a time when the overall price level increased by 5%. During this period, the real price of silver

  • increased
  • decreased.
  • stayed the same
  • might have increased, decreased or stayed the same; more information is needed to be sure.

Reference no: EM131347997

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