Multiple Choice
The real balance effect is the change in
A) purchasing power that results from a change in income.
B) the amount of money one has that results from a change in income.
C) purchasing power that results from a change in the price level.
D) the amount of money one has that results from a change in the price level.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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