Which of the Following Is a Macro Consequence of a Sudden

question 39

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 suffer.
• 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:

Kinship Groups

Social units based on common ancestry, marriage, or adoption that form a fundamental component in organizing societies.

Head Start

A program in the United States that provides comprehensive early childhood education, health, nutrition, and parent involvement services to low-income children and their families.

Comprehensive Services

A range of extensive services or interventions designed to meet multiple needs of individuals or communities.

Low-income Children

Children living in families with income levels below a given poverty threshold, which varies by country and region.