True. Still, using 1960′s prices with current production assumes a 1960 flat demand curve, right? It’s like using off-season avocado prices when no one buys them to compute real GDP during avocado season.
True. Still, using 1960′s prices with current production assumes a 1960 flat demand curve, right? It’s like using off-season avocado prices when no one buys them to compute real GDP during avocado season.