When the inflation rate rises, the purchasing power of nominal ...

[sarasara]

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

[hanadaa]

Answer to Question 1

b

Answer to Question 2

False

[sarasara]

Excellent

[lkanara2]

Thanks for the timely response, appreciate it