Use the following figure to answer the questions : Figure 7.1:
-According to Figure 7.1 in Country A,
A) Relative prices may have been changing,but average prices were constant.
B) Relative prices were definitely constant.
C) Average prices and relative prices were definitely changing.
D) Average prices were constant, and unemployment was increasing.
Correct Answer:
Verified
Q1: Comparing changes in relative prices is more
Q3: Real income is
A)Nominal income adjusted for inflation.
B)The
Q4: Relative price is
A)The price of one good
Q5: A decrease in the average level of
Q6: If the price of Bluetooth headsets rises
Q7: Your real income is
A)The amount of money
Q8: Deflation is a/an _ in the average
Q9: When the price of a good decreases
Q10: Income in constant prices is
A)Nominal income.
B)Real income.
C)Bracket
Q11: Which of the following results from unexpected
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