In the figure above, how much is the consumer who buys the 5,000th pizza willing to pay for that pizza?

We can approximate the real return on an investment by subtracting the inflation rate from the nominal return on the investment

For example, an investment that returns 10% per year while inflation is 4% per year has a real (inflation adjusted) return of approximately 6%. Which of the following outcomes is NOT possible? A) Nominal and real returns are positive B) Nominal return is positive, real return is negative C) Nominal return is negative, real return is positive D) all of these outcomes are possible

Economic analysis is used

A) only in economics classrooms. B) only by business people. C) only by policy makers. D) in all decision making.