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

Author Question: If the price level in an economy decreases, other things constant, people consume _____. a. more ... (Read 120 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
If the price level in an economy decreases, other things constant, people consume _____.
 a. more because nominal income falls
 b. less because nominal income rises
 c. more because the real value of their wealth increases
  d. less because real income decreases
 e. less because the real value of their wealth decreases

Question 2

When using a debit card, a customer directly uses his or her checking account.
 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

Christopher

  • Sr. Member
  • ****
  • Posts: 316
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


tuffie

  • Hero Member
  • *****
  • Posts: 534
Reply #2 on: Jun 30, 2018
Correct answers!


Christopher

  • Sr. Member
  • ****
  • Posts: 316
Reply #3 on: Jun 30, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

The oldest recorded age was 122. Madame Jeanne Calment was born in France in 1875 and died in 1997. She was a vegetarian and loved olive oil, port wine, and chocolate.

Did you know?

Only 12 hours after an egg cell is fertilized by a sperm cell, the egg cell starts to divide. As it continues to divide, it moves along the fallopian tube toward the uterus at about 1 inch per day.

Did you know?

The average office desk has 400 times more bacteria on it than a toilet.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Variation in the level of multicellularity among volvocine algae Variation in the level of multicellularity among volvocine algae
The energy set-point view that is the basis of many people’s thinking about hunger and eating. The energy set-point view that is the basis of many people’s thinking about hunger and eating.
Muscle structure seen at the EM level Muscle structure seen at the EM level
Demographic change and the effect on people social, and economic life Demographic change and the effect on people social, and economic life
Rising sea level threatens coastal communities around the world Rising sea level threatens coastal communities around the world
Changes in the Level of Education, 1975-2010 Changes in the Level of Education, 1975-2010
Video: Contraction cycle of a sarcomere

For a complete list of videos, visit our video library