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constant dollars

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A convention of statistics that measures industrial output and the like over time while controlling for changes owing to inflation. Using constant dollars usually gives a clearer view of how an enterprise is performing over time.

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“Was” is used for the indicative past tense of “to be,” and “were” is only used for the subjunctive past tense.

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The New Dictionary of Cultural Literacy, Third Edition Copyright © 2005 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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