He brought back $850 in his win that night in madison square garden
It's inflation. But anyways, the answer is C. Real
The phrase “in real terms” is used to show how measures such as economic growth, savings or wages change after inflation, while “nominal terms” is used when the adjustment has not been made. Changing terms to real enables comparison of quantities as if the prices never changed. Changes in nominal value, on the other hand, reflect at least in part the effect of inflation.
<span>The correct answer is C. the OPEC oil embargo. Basically what happened was that the United States supported Israel in a war and the Arab Petroleum Exporting Countries decided to put an embargo on oil trading which meant that there was a shortage of oil in the United States and that what little they could get would be extremely expensive.</span>
