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Dollar prices and relative prices are both nominal variables.
Sole Proprietor
An individual who operates a business under their own name, carrying full responsibility for its debts and legalities.
Coffee Shop
A retail establishment that primarily serves coffee and related beverages, often including light snacks or meals.
Deductible Alimony Payment
Alimony payments that are tax-deductible for the payer and taxable income for the recipient, under certain conditions.
Divorce Decree
A legal document that finalizes a divorce and outlines the terms of the divorce agreement, including asset division and child custody.
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