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Author Question: The real-nominal principle states that A) what matters to people is the face value of money or ... (Read 107 times)

frankwu

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on: Jun 30, 2018
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
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Tabitha_2016

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

D

Answer to Question 2

FALSE


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