[Answered] Nominal income is equal to real income if the CPI is less than 100. Indicate whether the ...

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Author Question: Nominal income is equal to real income if the CPI is less than 100. Indicate whether the ... (Read 93 times)

future617RT

Hero Member
Posts: 543

on: Jun 29, 2018

Nominal income is equal to real income if the CPI is less than 100.

Indicate whether the statement is true or false

Question 2

Refer to Figure 24-3. Suppose the economy is at point A. If investment spending increases in the economy, where will the eventual long-run equilibrium be?

A) A B) B C) C D) D

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livaneabi

Sr. Member
Posts: 328

Reply #1 on: Jun 29, 2018

Answer to Question 1

FALSE

Answer to Question 2

C

future617RT

Member
Posts: 543

Reply 2 on: Jun 29, 2018

Excellent

CAPTAINAMERICA

Member
Posts: 325

Reply 3 on: Yesterday

Gracias!

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