Multiple Choice
Changes in the average price level are called ________,while changes in the price of a specific good in comparison with other goods and services are called _______.
A) quality adjustments;substitution bias
B) changes in a relative price;inflation
C) inflation;changes in a relative price
D) price level adjustments;quality adjustments
E) real price changes;nominal price changes
Correct Answer:
Verified
Related Questions
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents