Problem
In 2008, Annie, an 80- year- old, is telling her granddaughter Susie about the good old days. Annie says that in 1938, you could buy a nice house for $ 15,000 and a jacket for $ 5. Susie says that today such a house costs $ 220,000 and such a jacket costs $ 70. The CPI in 1938 was 14.1 and in 2008 it was 215.3. Which house and which jacket have the lower prices?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.