Author Question: Refer to the scenario above. If the population of the economy is 200, the per capita national income ... (Read 28 times)

jace · **on:** Jun 30, 2018

Refer to the scenario above. If the population of the economy is 200, the per capita national income is:

A) 17. B) 50. C) 10. D) 35.

Question 2

If your income stays the same and the price level increases, you will buy fewer goods and services due to the

A) interest rate effect. B) real-balance effect.
C) open economy effect. D) aggregate balances effect.