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An Individual Holds $10,000 in a Checking Account and the Price

Question 361

Multiple Choice

An individual holds $10,000 in a checking account and the price level rises significantly. Hence


A) there is no change in the individual's real wealth.
B) the individual's wealth increases.
C) the individual's real wealth decreases but real national wealth increases.
D) the individual's real wealth and consumption expenditure decrease.

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