Examlex
John has decided to buy a particular smartphone that he saw reviewed online. Which of the following sources of information has most likely influenced John's purchase decision?
Inflation
The quickness at which the comprehensive level of goods and services' prices rises, corroding purchasing ability.
Real Income
The earning power of a person's money, considering the effects of inflation on purchasing power.
Wages
Payment to resource owners for their labor.
Externality
A consequence of an economic activity experienced by unrelated third parties; it can be either positive or negative.
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