In Which of the Following Situations Will an Individual's Purchasing

question 105

Multiple Choice

In which of the following situations will an individual's purchasing power be unaffected?

• A)money income is cut in half and the prices of all goods and services fall by 50%
• B)money income falls and the price of one good falls
• C)money income doubles and the prices of all goods and services are cut in half
• D)money income doubles and the prices of all goods and services remain constant
• E)money income is cut in half and prices of all goods and services remain constant