Question
Suppose that the Consumer Price Index rose by 3% from 2013 to 2014. Suppose that the price of a pizza increased by 5% during that
Suppose that the Consumer Price Index rose by 3% from 2013 to 2014. Suppose that the price of a pizza increased by 5% during that time. Which of the following is TRUE?
Group of answer choices:
A) The nominal price of pizza decreased
B) The real price of pizza increased
C) The real price of pizza did not change
D) The real price of pizza decreased
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Airline Finance
Authors: Peter S. Morrell
4th Edition
1351959743, 978-1351959742
