An dollar-amount increase that has not been adjusted for inflation is called
A) a real increase.
B) a nominal increase.
C) a net increase.
D) a inflationary increase.

Question

Quizplus · Accepted Answer

Economists use the word "nominal" to describe things measured without taking inflation into account and the word "real" to describe things measured with inflation taken into account.

An Dollar-Amount Increase That Has Not Been Adjusted for Inflation