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Author Question: When the inflation rate rises, the purchasing power of nominal income: a. remains unchanged. b. ... (Read 70 times)

sarasara

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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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Answer to Question 1

b

Answer to Question 2

False




sarasara

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review


diana chang

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  • Posts: 288
Reply 3 on: Yesterday
Wow, this really help

 

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