Many people like to reminisce about the good old days when movies were a quarter and the price of gasoline was twenty cents and bristle at $8 movie tickets and $4.00 gasoline. Why do economists argue that the increases in these prices today don't really mean anything in real terms?

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The Answer of Many people like to reminisce about the good old days when movies were a quarter and the price of gasoline was twenty cents and bristle at $8 movie tickets and $4.00 gasoline. Why do economists argue that the increases in these prices today don't really mean anything in real terms?

Many People Like to Reminisce About the Good Old Days