Multiple Choice
If the price of the house you just bought went up:
A) you are worse off because you pay higher taxes for the same house.
B) you are better off because you can substitute among a wide variety of items in your consumption bundle.
C) you are better off because you made a quick capital gain.
D) you are worse off because you face higher prices in the economy.
Correct Answer:
Verified
Correct Answer:
Verified
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