_____________ represent dollars stated in terms of constant purchasing power.

Name: _____________ represent dollars stated in terms of constant purchasing power.
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Question

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Real dollars represent the value of dollars adjusted for changes in the price level, allowing for comparison of purchasing power over time. Nominal dollar values are not adjusted for inflation and therefore do not represent constant purchasing power. Inflated dollars are not a commonly used term.

_____________ Represent Dollars Stated in Terms of Constant Purchasing Power