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Thagine that you are given$1,000to spend and told that you must spend it al buying...

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Economics

Thagine that you are given

$1,000

to spend and told that you must spend it al buying items from aSears' catalog. But you do tave a choice of catalog. You may selectfrom the 1900 catalog or trom Sears.com today. You will pay theprices quoted in the catalog you choose. Why might you lean towardchoosing the 1903 catalog? Why might you lean toward choosing Searscom? You might lean toward choosing the 1903 catalog because

?

You might lean foward choosing Sears.com because

?

A. there was better workmanship in 1903; your real wage rate ishigher when you buy goods from Sears.com B. goods that areavailable in 1903 are not available at Sears.com; your purchasesare included in the current CPI market basket C. goods that areavailable in 1903 are not available at Sears.com; the real interestrate is lower when you buy goods from Sears.com D. prices in 1903are lower than today: it offers improved quality and a wider rangeof products E. prices in 1903 are lower than today; your real wagerate is higher when you buy goods from Sears.com

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