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

[rachel9]

If the price level in an economy increases, other things constant, consumption spending is likely to _____.
 a. increase because real income increases
 b. decrease because real income increases
 c. increase because the real value of wealth increases
  d. decrease because the real value of wealth decreases
  e. increase because nominal income increases

Question 2

In the United States, paper money is redeemable for gold.
 a. True
  b. False
  Indicate whether the statement is true or false

[wtf444]

Answer to Question 1

d

Answer to Question 2

False

[rachel9]

TYSM

[cpetit11]

Excellent