When Economists Discuss the Nominal Value of an Economic Variable

question 301

Multiple Choice

When economists discuss the nominal value of an economic variable, the variable is

• A) expressed in current dollars.
• B) expressed as an index figure.
• C) adjusted for a changing price level.
• D) expressed as a percentage.

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Definitions:

Employee Relationships

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Communication Skills

The ability to convey information effectively and efficiently through spoken, written, or non-verbal means.

Managers

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