An Individual Holds $10,000 in a Checking Account and the Price

question 159

Multiple Choice

An individual holds $10,000 in a checking account and the price level rises significantly.Hence

• A) the individual's real wealth and consumption expenditure decrease.
• B) the individual's real wealth decreases but real national wealth increases.
• C) there is no change in the individual's real wealth.
• D) the individual's wealth increases.