Multiple Choice
Suppose that in some country the price of silver increased from $30 per ounce to $31 per ounce during a time when the overall price level increased by 5 percent.During this period,the real price of silver
A) increased.
B) decreased.
C) stayed the same.
D) might have increased,decreased or stayed the same;more information is needed to be sure.
Correct Answer:
Verified
Correct Answer:
Verified
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