Multiple Choice
In 1975 tuition at Wattsomata University was $2,500 and the consumer price index was 80.In 2011 tuition was $12,000 and the price index was 320.Which of the following is correct?
A) Nominal and real tuition were both higher in 1975.
B) Nominal and real tuition were both higher in 2011.
C) Nominal tuition was higher in 1975,real tuition was higher in 2011.
D) Nominal tuition was higher in 2011,real tuition was higher in 1975.
Correct Answer:

Verified
Correct Answer:
Verified
Q5: The price level is a<br>A)relative variable.<br>B)dichotomous variable<br>C)real
Q83: Figure 30-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 30-1
Q84: Which of the following combinations of real
Q86: If P denotes the price of goods
Q87: When the money market is drawn with
Q89: Which of the following is consistent with
Q90: Katarina puts money into an account.One year
Q91: According to the assumptions of the quantity
Q92: You put money in the bank.The increase
Q93: Shawn puts money into an account.One year