When the Nominal Price of a Good Increases Over Time,the

question 69

Multiple Choice

When the nominal price of a good increases over time,the real cost of buying the good

• A)decreases because income also increases over time.
• B)must increase.
• C)might increase,decrease or stay the same depending on how much the CPI changed.
• D)does not change because income also increases over time.
• E)might increase,decrease or stay the same depending on how much income changed.

---

Definitions:

Resonance Structures

Representations of a molecule or ion where the chemical connectivity is the same but the electrons are distributed differently around the structure.

Enamine

Organic compounds formed by the reaction of an aldehyde or ketone with a secondary amine followed by dehydration.

Major Organic Product

Refers to the primary product resulting from an organic reaction, typically the one in the greatest yield.

Iodoform Reaction

A chemical reaction that results in the formation of iodoform, used as a test for the presence of methyl ketones or secondary alcohols.