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Author Question: When the inflation rate rises, the purchasing power of nominal income: a. remains unchanged. b. ... (Read 117 times)

sarasara

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on: Jun 30, 2018
When the inflation rate rises, the purchasing power of nominal income:
 a. remains unchanged.
  b. decreases.
  c. increases.
  d. changes by the inflation rate minus one.

Question 2

The tax multiplier is greater than the spending multiplier regardless of the value of the marginal propensity to consume (MPC).
 a. True
  b. False
  Indicate whether the statement is true or false


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hanadaa

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Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


sarasara

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Reply 2 on: Jun 30, 2018
Wow, this really help

nathang24

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Reply 3 on: Yesterday
Gracias!

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