The relative price of a good is that price
A) expressed in today's dollars.
B) expressed in constant 2017 dollars.
C) expressed in terms of the price of another good.
D) that is equal to the equilibrium price.
Answer: C
Economics
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Since the Social Security system began in the 1930s, the number of workers per retiree
A) has stayed roughly the same. B) has declined. C) has risen. D) declined through 1960 and has risen ever since.
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What causes a production possibilities frontier to shift inward?
What will be an ideal response?
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