The real-nominal principle states that A) what matters to ...

[frankwu]

The real-nominal principle states that
 
  A) what matters to people is the face value of money or income.
  B) people respond more to explicit, or real, costs than to implicit costs.
  C) people respond more to implicit costs than to explicit costs.
  D) what matters to people is the purchasing power of money or income.

Question 2

Since 1998, the U.S. federal government has continuously run a budget surplus.
 
  Indicate whether the statement is true or false

[Tabitha_2016]

Answer to Question 1

D

Answer to Question 2

FALSE