When there is a positive expected rate of inflation ie an, Ask an Expert

Economics

When there is a positive expected rate of inflation (i.e., an expected and sustained increase in the levels of all prices), the Benefit Cost Ratio of a proposed project will take on different values depending upon whether one calculates it using current dollars or constant dollars.

Define

what are current dollars ?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9522858

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