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

Question 120

Multiple Choice

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


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

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