Domain: econlib.org

Library of Economics and Liberty

What is the difference between real and nominal prices? Why bother to understand the difference? Find out more about how economists think about Real, Relative, and Nominal Prices in our College Topics pages....

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political economy, bastiat, macroeconomics, articles, podcasts, arnold kling, resources, history, biographies, encyclopedia, bryan caplan, research, microeconomics, mises, markets, education, economics, books, david henderson, blogs, search, russell roberts, free trade, adam smith, hayek, library, ricardo

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