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1. If the price of a gallon of gasoline was 28 cents in 1965 and 32 cents in 1969, then the: A. nominal price increased,

1. If the price of a gallon of gasoline was 28 cents in 1965 and 32 cents in 1969, then

the:

A. nominal price increased, but we can't tell the real price unless we know what

happened to the prices of other goods

B. nominal price increased but the real price decreased

C. absolute price increased but the real price decreased

D. absolute and relative price increased

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