If the Price Level Decreases,other Things Constant,people Consume

question 137

Multiple Choice

If the price level decreases,other things constant,people consume

• A)more because nominal income falls
• B)less because nominal income rises
• C)more because the real value of their wealth increases
• D)more because real income increases
• E)less because real income decreases

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A type of corporation that meets specific Internal Revenue Code requirements, allowing profits, and some losses, to be passed directly to owners' personal income without being subject to corporate tax rates.

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