Suppose we want to know how much money your grandparents would have to earn now to have purchasing power equivalent to their income in 1969. We could:
A. translate their nominal income in 1969 into constant, real dollars of today.
B. translate their nominal income today into 1969 dollars.
C. take a ratio of their income today with their income from 1969.
D. None of these statements is true.
A. translate their nominal income in 1969 into constant, real dollars of today.
Economics
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The financial system is important because it helps to match one person's _____ with another person's _____
Fill in the blank(s) with correct word
Economics
Which of the following goods would most probably be an inferior good?
A. French wines B. Generic beer C. Theater tickets D. Steak
Economics