This topic contains a solution. Click here to go to the answer

Author Question: The _____ is the change in the purchasing power of assets that causes spending to change when the ... (Read 41 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
The _____ is the change in the purchasing power of assets that causes spending to change when the price level changes.
 a. purchasing power effect
  b. interest rate effect
  c. substitution effect
  d. income effect
  e. real-balance effect

Question 2

Adam Smith
 a. is considered the founder of modern economics
 b. wrote An Inquiry into the Nature and Causes of the Wealth of Nations
 c. did not believe the wealth of nations came from an accumulation of gold and silver.
  d. All of the above



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zogaridan

  • Sr. Member
  • ****
  • Posts: 328
Answer to Question 1

e

Answer to Question 2

d




james0929

  • Member
  • Posts: 586
Reply 2 on: Jun 30, 2018
:D TYSM


tuate

  • Member
  • Posts: 332
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

Did you know?

After 5 years of being diagnosed with rheumatoid arthritis, one every three patients will no longer be able to work.

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

For a complete list of videos, visit our video library