When shopping you notice that a pair of jeans costs $20 and that a tee-shirt costs $10 . You compute the price of jeans relative to tee-shirts

a. The dollar price of jeans and the relative price of jeans are both nominal variables.
b. The dollar price of jeans and the relative price of jeans are both real variables.
c. The dollar price of jeans is a nominal variable; the relative price of jeans is a real variable.
d. The dollar price of jeans is a real variable; the relative price of jeans is a nominal variable.

c

Economics

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Given the information in the figure above, Liz has a comparative advantage in ________ because ________

A) smoothies; her opportunity cost of producing smoothies is lower than Joe's B) salads; her opportunity cost of producing salads is lower than Joe's C) smoothies; she can produce more smoothies per hour than Joe can D) salads; she can produce more salads per hour than Joe can E) both goods; she can produce more of both goods per hour than Joe can

Economics

Which of following was a period of below-average economic growth in the United States?

A) the 1920s B) the 1960s C) the 1930s D) all of the above

Economics