Maybe someone here can help me with this: (Economics?)

[Burris]

I am doing some science homework, and I am looking up energy prices in 1970. It lists real and nominal prices. Am I right in assuming real is the price adjusted for inflation? No one I know seems to have any clue what I'm talking about...

[Guy Montag]

http://economics.about.com/cs/macrohelp ... s_real.htm (http://economics.about.com/cs/macrohelp/a/nominal_vs_real.htm)

I think you assumed right.