A real variable is one that:
A) uses prices at the time of sale.
B) uses the cost of production.
C) has not been adjusted for inflation.
D) includes a correction for inflation.

Name: A real variable is one that: A) uses prices at the time of sale. B) uses the cost of production. C) has not been adjusted for inflation. D) includes a correction for inflation.
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Question

Quizplus · Accepted Answer

A real variable includes a correction for inflation, reflecting the true purchasing power by adjusting for changes in price levels over time.

A Real Variable Is One That