The "constant dollar" price is:
A) the real price of a good.
B) the nominal price of a good adjusted for inflation.
C) the "current dollar" price adjusted for inflation.
D) all of the above
E) none of the above
D
Economics
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The substitution effect of a decrease in the price of movie tickets results in
A) a decrease in the quantity of movie tickets demanded. B) an increase in the demand for movie tickets. C) an increase in the quantity of movie tickets demanded. D) a decrease in the demand for movie tickets.
Economics
In the short-run macro model, rising GDP and a falling interest rate are most likely to be the result of a(n)
a. increase in the money supply b. decrease in the money supply c. increase in government purchases d. decrease in government purchases e. decrease in taxes
Economics