The "constant dollar" price is:
A) the real price of a good.
B) the nominal price of a good adjusted for inflation.
C) the "current dollar" price adjusted for inflation.
D) all of the above
E) none of the above

Question

Quizplus · Accepted Answer

The "constant dollar" price refers to the value of a good or service adjusted for inflation, allowing for the comparison of purchasing power over time. This concept encompasses the real price of a good (A), the nominal price adjusted for inflation (B), and the "current dollar" price adjusted for inflation (C), making all of the provided options correct descriptions of the "constant dollar" price.

The "Constant Dollar" Price Is