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

Author Question: When the inflation rate rises, the purchasing power of nominal income: a. remains unchanged. b. ... (Read 129 times)

sarasara

  • Hero Member
  • *****
  • Posts: 521
on: Jun 30, 2018
When the inflation rate rises, the purchasing power of nominal income:
 a. remains unchanged.
  b. decreases.
  c. increases.
  d. changes by the inflation rate minus one.

Question 2

The tax multiplier is greater than the spending multiplier regardless of the value of the marginal propensity to consume (MPC).
 a. True
  b. False
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

hanadaa

  • Sr. Member
  • ****
  • Posts: 339
Reply #1 on: Jun 30, 2018
Answer to Question 1

b

Answer to Question 2

False


sarasara

  • Member
  • Posts: 521
Reply 2 on: Jun 30, 2018
Gracias!

jomama

  • Member
  • Posts: 346
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Certain topical medications such as clotrimazole and betamethasone are not approved for use in children younger than 12 years of age. They must be used very cautiously, as directed by a doctor, to treat any child. Children have a much greater response to topical steroid medications.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

The strongest synthetic topical retinoid drug available, tazarotene, is used to treat sun-damaged skin, acne, and psoriasis.

Worldwide Variations in Population and Income Levels Worldwide Variations in Population and Income Levels
The Abecedarian study was designed to help very low-income African American children prepare for ... The Abecedarian study was designed to help very low-income African American children prepare for ...
Modern Hydroelectric Power Uses Modern Hydroelectric Power Uses
Wind, solar, biomass, and geothermal power account for less than 1% of global power generation Wind, solar, biomass, and geothermal power account for less than 1% of global power generation
The Parade of World Income The Parade of World Income
For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ... For each function f(x) = 6x^2 - 4, estimate the instantaneous rate of change for the given ...
Video: Eczema

For a complete list of videos, visit our video library