From 1970 to 2007 households held ________ because ________. ...

[futuristic]

From 1970 to 2007 households held ________ because ________.
 
  A) less money relative to income; people began using credit cards less often
  B) less money relative to income; people began using credit cards more often
  C) more money relative to income; people began using credit cards less often
  D) less money relative to income; the price level began to rise
  E) more money relative to income; people began using credit cards more often

Question 2

Moving along the potential GDP line, the money wage rate changes by the same percentage as the change in the price level so that the real wage rate
 
  A) stays at the full-employment equilibrium level.
  B) increases.
  C) might either increase or decrease.
  D) decreases.
  E) stays the same, though not necessarily at the full-employment equilibrium level.

[poopface]

Answer to Question 1

B

Answer to Question 2

A

[futuristic]

Thanks for the timely response, appreciate it

[elyse44]

Excellent