The "real" price of a good is known as
A) the absolute price of the good.
B) the dollar price of the good since we use dollars in the United States.
C) relative price of the good.
D) the price actually paid for a good instead of the sticker price.
C
Economics
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When the absolute PPP holds, the real exchange rate is always equal to
A) 1 B) the nominal exchange rate C) relative prices across contries D) 1/nominal exchange rate
Economics
In which of the following markets is economic profit driven to zero in the long run?
a. oligopoly b. monopoly c. monopolistic competition d. cartels
Economics