Multiple Choice
Suppose that the consumer price index fell by 4% between this year and last year,and the price of a typical automobile fell by 3%.Which of the following is TRUE?
A) The nominal price of a car increased.
B) The real price of a car increased.
C) The real price of a car did not change.
D) The real price of a car decreased.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: The budget process sets which of the
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