Multiple Choice
If the price of gasoline increased 100% during a period of time when inflation was 100%, then the relative real price of gasoline would:
A) increase.
B) decrease.
C) remain constant.
D) increase or decrease, depending on whether income had changed or not.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q9: According to the quantity theory of money,
Q11: When using the quantity theory of money
Q13: An assumption of the quantity theory of
Q14: Use the following to answer questions:
Q15: If the average price level rises from
Q16: When disinflation arises unexpectedly,the real interest rate
Q16: The Fisher effect indicates that an increase
Q30: _ is a decrease in the average
Q49: The argument that "money is neutral in
Q121: If the price level in 2016 is