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In 2017, one dollar had about the same purchasing power as how many cents in 1972?

A5 cents
B18 cents
C50 cents
D80 cents
Answer & Solution
Correct answer: B. 18 cents
1. Prices of most items rose over that time. 2. One dollar bought what 18 cents once did. 3. That is the effect of cumulative inflation. _Source: OpenStax Principles of Macroeconomics for AP Courses 2e, Chapter 8, Inflation (CC BY 4.0)._
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