Which of the Following Is a Macro Consequence of a Sudden

question 74

Multiple Choice

Which of the following is a macro consequence of a sudden increase in the average level of prices?

• A)People on fixed incomes benefit.
• B)Uncertainty is greater.
• C)Nominal income falls by a smaller percentage than real income.
• D)People lengthen their time horizons.

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Definitions:

Sulfur Dioxide

A toxic gas with a pungent, irritating smell, used in many industrial processes and as a preservative, but known to cause environmental and health problems.

Emission Allowances

Permissions granted to a company to emit a certain amount of pollutants into the environment.

Green Capitalism

An economic model that seeks to address environmental issues within a capitalist framework, promoting sustainable practices and green technologies.

Climate Change Refugees

Individuals or groups who are forced to relocate due to sudden or gradual changes in their natural environment brought about by climate change, such as sea-level rise or extreme weather events.