Examlex
What view of normative violation is held by more recent objectivists?
Purchasing Power
The worth of a currency depicted by how much goods or services can be purchased with one unit of that currency.
Basket of Goods
A collection of products and services used as a constant sample for measuring changes in prices, often in the calculation of inflation.
CPI (Consumer Price Index)
An index that measures changes in the average price of consumer goods and services purchased by households over time.
Real Value
The value of an amount of money in terms of the goods and services it can buy, adjusted for inflation.
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