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Dollar Prices
The price of a good or service expressed in units of the U.S. dollar.
Relative Prices
The price of one good or service compared to another, typically influencing consumer choice and resource allocation.
Nominal Variables
Variables measured in monetary terms and not adjusted for inflation, representing prices or values at the time of transaction.
Monetary Neutrality
The economic theory that changes in the money supply only affect nominal variables and have no long-term effects on real variables like output.
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