This topic contains a solution. Click here to go to the answer

Author Question: If the price level in an economy decreases, other things constant, people consume _____. a. more ... (Read 38 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
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
Answer to Question 1

c

Answer to Question 2

True





 

Did you know?

Approximately 25% of all reported medication errors result from some kind of name confusion.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

For a complete list of videos, visit our video library