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According to the "Wealth Effect," When the ________ Falls, the ________

Question 66

Multiple Choice

According to the "wealth effect," when the ________ falls, the ________ rises.


A) inflation rate; nominal value of household assets
B) unemployment rate; average level of household income
C) price level; the nominal value of household wealth
D) price level; the real value of household wealth
E) the return of savings; the nominal value of household savings

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