If the price of iPods rises 10 percent during a year when the level of average prices rises 3 percent,the relative price of iPods compared with other goods
A) Remains constant.
B) Increases.
C) Decreases.
D) More information is required to answer this question.
Correct Answer:
Verified
Q2: When there is no deflation or inflation,
A)Prices
Q3: Q4: Inflation is Q5: Deflation is a/an _ in the average Q6: Changes in the relative prices of two Q7: Inflation means Q8: Relative price is Q9: A decrease in the average level of
A)A rise in the price of
A)Specific prices are rising,and relative prices
A)The price of one good
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