Multiple Choice
If you have $5,000 in wealth and the price level decreases 20 percent, then
A) the $5,000 will buy fewer goods and services.
B) the real value of the $5,000 decreases.
C) the $5,000 will buy more goods and services.
D) the real value of the $5,000 remains constant.
Correct Answer:
Verified
Correct Answer:
Verified
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