The nominal price of a good

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    Is the inflation adjusted price of a good.
     Is the absolute price of a good and does not change over time.
     Tells us how, over time, the price of a good changes relative to the prices of other goods.
     Is the absolute, "current-dollar" price of a good, unadjusted for inflation.
asked May 30, 2013 in Economics by anonymous
    

1 Answer

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Is the absolute, "current-dollar" price of a good, unadjusted for inflation.
answered May 31, 2013 by Xyz ~Expert~ (3,650 points)



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