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 110 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?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Zhang Huan, To Raise the Water Level in a Fishpond. Zhang Huan, To Raise the Water Level in a Fishpond.
Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ... Concentration affects where the precipitin line forms. When 1 reactant is held at a constant ...
How to evaluate a function containing the constant k How to evaluate a function containing the constant k
Projections of global temperature depend heavily on the level of future greenhouse gas emissions Projections of global temperature depend heavily on the level of future greenhouse gas emissions
People in poor, urban areas often find themselves in “food deserts" People in poor, urban areas often find themselves in “food deserts"
Denney's model ON actual level of performance on exercised and unexercised abilities Denney's model ON actual level of performance on exercised and unexercised abilities
Video: Parkinson's Disease

For a complete list of videos, visit our video library