Multiple Choice
What would be the impact on the real price of automobiles if the nominal price increases by 60 percent over a ten year period?
A) The real price will increase by 60 percent.
B) The real price will increase,but by less than 60 percent.
C) The real price will decrease.
D) The real price cannot be determined without more information.
Correct Answer:
Verified
Correct Answer:
Verified
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