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When there is a positive expected rate of inflation (i.e., an expected and sustained increase in the levels of all prices), the Benefit Cost Ratio of a proposed project will take on different values depending upon whether one calculates it using current dollars or constant dollars.
Define
what are current dollars ?
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Illustrate and explain the changing demand for big mac using the indifference curve and budget line.
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Normal 0 false false false EN-IN X-NONE X-NONE MicrosoftInternetExplorer4
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