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Author Question: Nominal income is equal to real income if the CPI is less than 100. Indicate whether the ... (Read 160 times)

future617RT

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on: Jun 29, 2018
Nominal income is equal to real income if the CPI is less than 100.
 
  Indicate whether the statement is true or false

Question 2

Refer to Figure 24-3. Suppose the economy is at point A. If investment spending increases in the economy, where will the eventual long-run equilibrium be?
 
  A) A B) B C) C D) D


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livaneabi

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

FALSE

Answer to Question 2

C


future617RT

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

Dominic

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Reply 3 on: Yesterday
Excellent

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