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Author Question: An individual who suffers from money illusion will A) feel that a doubling of prices and income ... (Read 21 times)

Yolanda

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on: Jun 29, 2018
An individual who suffers from money illusion will
 
  A) feel that a doubling of prices and income improves his economic position.
  B) concentrate on relative prices.
  C) never be fooled by the impact of price changes on the purchasing power of income.
  D) try to use counterfeit money.

Question 2

An increase in demand is shown graphically by
 
  A) a shift of the demand curve to the left.
  B) a movement up along the existing curve.
  C) a shift of the demand curve to the right.
  D) a movement down the existing curve.


carojassy25

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

C


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