This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A rise in the price level has a direct effect on spending because A) the real value of the money ... (Read 32 times)

saraeharris

  • Hero Member
  • *****
  • Posts: 546
on: Jun 30, 2018
A rise in the price level has a direct effect on spending because
 
  A) the real value of the money people have decreases and they can buy less with it.
  B) a higher price gives people more money, and so the more goods and services they can buy.
  C) the real value of the money people have varies directly with the price level.
  D) people like to spend more when prices are higher.

Question 2

By definition, disposable income is equal to
 
  A) consumption minus saving. B) consumption plus saving.
  C) consumption plus investment. D) investment plus saving.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

iceage

  • Guest
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

B


saraeharris

  • Member
  • Posts: 546
Reply 2 on: Jun 30, 2018
Excellent

alexanderhamilton

  • Member
  • Posts: 334
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Human kidneys will clean about 1 million gallons of blood in an average lifetime.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 2 The Role of Microfilaments in Cell Movement-Showing Cause and Effect in Biology 2
Effect of changing a set point for hypothalamic values Effect of changing a set point for hypothalamic values
Effect of Perceived Price of a Drug on Placebo Analgesia Effect of Perceived Price of a Drug on Placebo Analgesia
Thumb petrissage and direct fingertip pressure along iliac crest to muscle attachments. Thumb petrissage and direct fingertip pressure along iliac crest to muscle attachments.
World Mean Sea-Level Temperatures in January World Mean Sea-Level Temperatures in January
A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ... A debt payment of $7500 is due in 24 months. If money is worth 7.2% p.a. compounded quarterly, ...
Video: Simple Diffusion - Ion transport

For a complete list of videos, visit our video library