Multiple Choice
Assume that a firm has $100 million in real assets and $90 in real liabilities.If the price level falls by ten percent,the real value of liabilities would ________.
A) fall to $81 million
B) change,but more information must be provided to determine the exact movement
C) remain unchanged
D) rise to $99 million
Correct Answer:
Verified
Correct Answer:
Verified
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