Senate debates Questions without Notice

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Stephen Conroy

Stephen Conroy Victoria, Australian Labor Party, Deputy Leader of the Government in the Senate

2:13 pm

The financially illiterate on the other side clearly do not understand the difference between nominal prices and real prices. Let me be very clear: real prices, at least for the base product, will go down; and nominal prices will fall, over time, for the entire product range. I cannot help the fact that those opposite are economically illiterate. (Time expired)

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