Multiple Choice
In which of the following situations will an individual's purchasing power be unaffected?
A) all absolute prices fall by 15% and money income falls by 15%
B) all relative prices fall by 15% and money income falls by 15%
C) all relative prices rise by 15% and money income falls by 15%
D) all absolute prices remain constant and money income falls by 15%
E) all relative prices remain constant and money income rises by 15%
Correct Answer:

Verified
Correct Answer:
Verified
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