Author Question: Real income is synonymous with: a. buying power. b. deferred spending. c. recession wages. d. ... (Read 25 times)

drink

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Real income is synonymous with:
 
  a. buying power.
  b. deferred spending.
  c. recession wages.
  d. discretionary expenditures.

Question 2

If your income increases 20 in a year in which inflation is 10, your real income has
 
  a. increased 30.
  b. increased 10.
  c. decreased 30.
  d. decreased 10.



Bison

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Answer to Question 1

A

Answer to Question 2

B



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