A Sudden Increase in the U.S. Price Level

question 88

Multiple Choice

A sudden increase in the U.S. price level

• A) makes those with dollar debts worse off.
• B) makes those with dollar debts better off.
• C) does not affect those with dollar debts.
• D) makes those with foreign debts better off.
• E) increases all dollar debts.

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Definitions:

French Fries And Onion Rings

Often served as side dishes in fast food and diners, they are popular fried food items made from potatoes and onions, respectively.

Hockey Pucks And Hockey Sticks

Items used in the sport of hockey, with the puck being the object teams attempt to score with, and the stick used to hit the puck.

Necessity

A good or service that is essential for survival and basic well-being, such as food or shelter.

Price-Inelastic

Describes a situation where the demand for a product or service is relatively unaffected by changes in its price.