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2012 2013
-In 2012, consumers in Dexter consumed only books and pens. The prices and quantities for 2012 and 2013 are listed in the table above. The reference base period for Dexter's CPI is 2012. What is the inflation rate in 2013?
Regressive
A term often referring to taxation policies where the tax rate decreases as the taxable amount increases, placing a heavier burden on those with lower incomes.
Progressive Social Change
Positive shifts in societal structures and norms that promote fairness, equity, and justice, advancing the welfare of the community.
Mass Behavior
Mass behavior describes the actions, reactions, and interactions of a large group of people, often in response to an event, trend, or collective concern.
Social Dilemmas
Situations in which individual actions, motivated by self-interest, result in outcomes that are detrimental to the collective interest of a group or society.
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