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Author Question: If the price level in an economy decreases, other things constant, people consume _____. a. more ... (Read 40 times)

tuffie

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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


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Christopher

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

True


tuffie

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Reply #2 on: Jun 30, 2018
Correct answers!


Christopher

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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