What Would Be the Impact on the Real Price of Automobiles

question 8

Multiple Choice

What would be the impact on the real price of automobiles if the nominal price increases by 60 percent over a ten year period?

• A)The real price will increase by 60 percent.
• B)The real price will increase,but by less than 60 percent.
• C)The real price will decrease.
• D)The real price cannot be determined without more information.

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Definitions:

Frustrated

A feeling of discontent or annoyance arising from being blocked in achieving a goal or fulfilling a desire.

Renegotiate

The process of revising the terms of an agreement or contract in order to accommodate changing conditions or mutual interests.

Alternatives

Other options or choices available when making a decision or solving a problem.

Discouraged

Feeling less motivated or hopeful about something due to perceived obstacles or criticism.