Multiple Choice
The price of a gallon of gasoline at the pump increased by 10 percent at the same time that the inflation rate was 5 percent.The nominal price of gasoline _____, and the real price of gasoline _____.
A) increased; also increased
B) increased; decreased
C) increased; did not change
D) decreased; increased
Correct Answer:
Verified
Correct Answer:
Verified
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