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 111 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?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Did you know?

The first monoclonal antibodies were made exclusively from mouse cells. Some are now fully human, which means they are likely to be safer and may be more effective than older monoclonal antibodies.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

It is difficult to obtain enough calcium without consuming milk or other dairy foods.

How the study of genomes and proteomes can provide us with connections to different biological level How the study of genomes and proteomes can provide us with connections to different biological level
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.
Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ... Prevalence of drug use in the United States. Figures are based on a survey of people 12 years of age ...
Kyoto Protocol encourages industry to innovate and reduce the level of emissions Kyoto Protocol encourages industry to innovate and reduce the level of emissions
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Keeping your feelings to yourself may increase your stress level Keeping your feelings to yourself may increase your stress level
Video: Hormonal feedback loop components

For a complete list of videos, visit our video library