Which of the Following Is a Macro Consequence of a Sudden

question 122

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:

Glycolysis

A metabolic pathway that breaks down glucose to pyruvate, releasing energy and forming ATP and NADH, occurring in the cytosol of cells.

Citric Acid Cycle

A sequence of biochemical processes undergone by every organism that uses oxygen to produce energy by oxidizing acetate, which comes from carbohydrates, fats, and proteins.

Acetyl CoA

A central molecule in metabolism, used in biochemical reactions for energy production and synthesis of fatty acids.

Aerobic Respiration

The process of producing cellular energy involving oxygen. Cells break down food in the mitochondria in a long, multistep process that produces roughly 36 ATP.