If the price level in an economy decreases, other things ...

[tuffie]

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

[Christopher]

Answer to Question 1

c

Answer to Question 2

True

[tuffie]

Correct answers!

[Christopher]

Great! Please up vote