Multiple Choice
In which of the following cases would real income rise?
A) Nominal income rises by 8 percent, and the price level rises by 10 percent.
B) Nominal income rises by 2 percent, and the price level remains unchanged.
C) Nominal income falls by 4 percent, and the price level falls by 2 percent.
D) Real income will rise in all of these cases.
Correct Answer:
Verified
Correct Answer:
Verified
Q132: Which of the following statements is correct?<br>A)
Q133: <span class="ql-formula" data-value="\begin{array} { | l |
Q134: <span class="ql-formula" data-value="\begin{array} { | l |
Q135: Core inflation refers to the inflation picture
Q136: <span class="ql-formula" data-value="\begin{array} { | l |
Q138: If the Consumer Price Index rises from
Q139: When oil and energy prices rise, the
Q140: What is a COLA? How is it
Q141: The unemployment rate is the<br>A) ratio of
Q142: Only two resources, capital and labor, are