Definitions for "constant dollars"
Dollars as if in some base year, used to adjust for the effects of inflation.
If something is said to be in constant dollars, it means that it has been controlled for inflation. In other words, if a graph shows spending on Food Stamps from 1980-2002, and says in constant 2002 dollars, it means that every value has been adjusted to reflect the amount it would be in the year 2002.
The value of money after adjusting for inflation. (House Fiscal Analysis Department)
Keywords:  model, ratio, growth, plan
Constant growth model Constant ratio plan