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coralfish997Lv1
11 Dec 2019
Which of the following best describes the "wealth effect"?
A. When the price level falls, the nominal value of household wealth falls.
B. When the price level falls, the real value of household wealth rises.
C. When the price level falls, the real value of household wealth falls.
D. When the price level falls, the nominal value of household wealth rises
Which of the following best describes the "wealth effect"?
A. When the price level falls, the nominal value of household wealth falls.
B. When the price level falls, the real value of household wealth rises.
C. When the price level falls, the real value of household wealth falls.
D. When the price level falls, the nominal value of household wealth rises
Mahe AlamLv10
17 Mar 2021
