According to the household nominal budget constraint, PC+ 
B+P• 
K = 
+ wL + i(B + PK) , households can use their income to:
A) hire more workers.
B) acquire more money.
C) purchase capital goods.
D) all of the above.
Correct Answer:
Verified
Q19: If the nominal wage rate is £10
Q20: One unit of money in the model
Q21: According to the household nominal budget constraint,
Q22: In the market clearing model, for the
Q23: The maturity of a bond is:
A)the amount
Q25: Interest income is:
A)positive for net bond holders.
B)zero
Q26: Individual household nominal income includes:
A)nominal interest income,
Q27: If the principal of a bond is
Q28: If the principal of a bond is
Q29: The rental price of capital is:
A)a dollar
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