In an inflationary period, what is the difference between (a) inflated dollars and “then-current” future dollars, and (b) “then-current” future dollars and constant-value future dollars?
What will be an ideal response?
(a) There is no difference.
(b) The then-current or future dollars have been divided by (1 + f)? to obtain constant-value dollars.
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What will be an ideal response?
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Fill in the blank(s) with the appropriate word(s).
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What will be an ideal response?