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Author Question: Increases in consumer wealth will cause an increase in autonomous consumption. Indicate whether ... (Read 110 times)

Engineer

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on: Jun 30, 2018
Increases in consumer wealth will cause an increase in autonomous consumption.
 
  Indicate whether the statement is true or false

Question 2

Mr. Clooney inherited a sum of 30,000 in 1990. If the price index for 1990 was 100 and the price index for 2014 is 188, the value of the money he inherited in 2014 dollars is ________.
 
  A) 45,200 B) 56,400 C) 38,800 D) 48,000


diesoon

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

TRUE

Answer to Question 2

B


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