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Author Question: If the price level in an economy increases, other things constant, consumption spending is likely to ... (Read 36 times)

rachel9

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on: Jun 30, 2018
If the price level in an economy increases, other things constant, consumption spending is likely to _____.
 a. increase because real income increases
 b. decrease because real income increases
 c. increase because the real value of wealth increases
  d. decrease because the real value of wealth decreases
  e. increase because nominal income increases

Question 2

In the United States, paper money is redeemable for gold.
 a. True
  b. False
  Indicate whether the statement is true or false


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wtf444

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

d

Answer to Question 2

False


rachel9

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  • Posts: 495
Reply 2 on: Jun 30, 2018
:D TYSM

komodo7

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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