An Increase in the Amount of Household Wealth in an Economy

question 138

Multiple Choice

An increase in the amount of household wealth in an economy would ________ the average standard of living and would ________ the spending power experienced by the typical person.

• A) raise; have little effect on
• B) raise; improve
• C) raise; reduce
• D) have no effect on; improve
• E) lower; reduce

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Definitions:

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