Over the past few decades, the price of movie tickets:
A. has risen both in nominal terms and in real terms.
B. has risen in nominal terms but has not risen in real terms.
C. has fallen in nominal terms and in real terms.
D. has risen in real terms but has not risen in nominal terms.
Answer: B. has risen in nominal terms but has not risen in real terms.
You might also like to view...
The world's total output will be greater the more self-sufficient each of the world's economies becomes
a. True b. False
Cost-push inflation is due to:
a. energy cost increases. b. labor cost increases. c. raw material cost increases. d. All of the answers are correct.
Professor Cowen says that _______ is one of the biggest personal and social costs of a recession.
A. reduced savings B. rising interest rates C. unemployment D. inflation
The following question relate to a community that is circular in nature with a one mile circumference. There are 81 people evenly distributed around the lake where the town is built. The travel cost is $10 per mile, a restaurant costs $100 to set up, and the cost per meal is $2. Calculate the optimal number of restaurants without using the graph. Round off small residuals to the nearest whole number. Show your work.
What will be an ideal response?