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

  1. Sep 10th, 2008, 07:58 PM #1
    Burris
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    Default Maybe someone here can help me with this: (Economics?)

    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...
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  2. Sep 10th, 2008, 08:05 PM #2
    Guy Montag
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    Default Re: Maybe someone here can help me with this: (Economics?)

    http://economics.about.com/cs/macrohelp ... s_real.htm

    I think you assumed right.
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