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Author Question: According to the wealth effect, when the ________ falls, the ________ rises. A) price level; the ... (Read 157 times)

EAugust

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on: Jun 29, 2018
According to the wealth effect, when the ________ falls, the ________ rises.
 
  A) price level; the real value of household wealth
  B) price level; the nominal value of household wealth
  C) inflation rate; nominal value of household assets
  D) unemployment rate; average level of household income

Question 2

Refer to Figure 15-15. If the government regulates Erickson Power Company so that the firm can earn a normal profit, the price would be set at ________ and the output level is ________.
 
  A) P3, Q2 B) P1, Q4 C) P2, Q2 D) P2, Q3


sarah_brady415

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

A

Answer to Question 2

D


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EAugust

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Reply #2 on: Jun 29, 2018
Thank you :)


sarah_brady415

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Reply #3 on: Jun 29, 2018
Happy to help you


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