True/False
If the price level is fixed, then changes in nominal income will be equivalent to changes in real income.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q11: Which of the following changes in disposable
Q12: When all the factors of aggregate expenditure
Q13: A given change in disposable income would
Q14: If Oscar's MPC is 0.95 and he
Q15: A given change in disposable income would
Q17: Which of the following allows us to
Q18: The expenditure multiplier applies only to changes
Q19: Unplanned inventory decreases prompt firms to cut
Q20: If the marginal propensity to consume is
Q21: Keynes believed that:<br>A)discretionary fiscal policy was needed