Write the Correct Pronoun in the Blank

question 40

Short Answer

Write the correct pronoun in the blank. Brown & Company is having (its, their) spring clearance sale now.

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Definitions:

Money Illusion

Money illusion occurs when people think of currency in nominal, rather than real, terms, failing to account for inflation's impact on purchasing power.

Real Buying Power

The amount of goods and services that can be purchased with a unit of currency, taking into account inflation to reflect the true value over time.

Nominal Buying Power

Refers to the amount of goods and services that can be purchased with a specific amount of currency without taking inflation into account.