What can happen to a nominal money figure when prices rise but the quantity bought is unchanged?
A
The nominal figure stays constant because the quantity bought is unchanged.
B
The nominal figure can rise only when the quantity bought increases.
C
The nominal figure must fall even though the quantity bought is unchanged.
D
The nominal figure can rise even though the quantity bought is unchanged.
4.6.3 distinction between money values (nominal) and real data Flashcards
20 flashcards on CIE Intl A Level Economics 4.6.3 distinction between money values (nominal) and real data: the key terms and definitions you need to recall.