Prices of goods and services adjusted for inflation are:

Name: Prices of goods and services adjusted for inflation are:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Prices of goods and services adjusted for inflation are called real prices, as they reflect the true purchasing power of money. Nominal prices, on the other hand, do not take into account inflation and represent the prices at a given time. Therefore, real prices are adjusted for inflation and are the most accurate representation of what consumers can actually afford.

Prices of Goods and Services Adjusted for Inflation Are