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by Kadin
6093 days ago
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Yes, basically. "Real dollars" are dollars adjusted for inflation. I think it's a little more precise than just saying "inflation-adjusted dollars" because when people hear that, they automatically assume "adjusted using CPI," which is only one way to try and correct for inflation. It's a reasonably well-accepted way, but there are others. (E.g.: labor-hours are popular in some circles.) Cf. http://en.wikipedia.org/wiki/Real_versus_nominal_value_%28ec... |
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