An income effect
A) is measured as the change in prices over time.
B) is not possible when people are unemployed.
C) requires interest rates to remain constant.
D) is the change in the quantity demand due to the fact that real income changes when prices change.

Question

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The Answer of An income effect
A) is measured as the change in prices over time.
B) is not possible when people are unemployed.
C) requires interest rates to remain constant.
D) is the change in the quantity demand due to the fact that real income changes when prices change.

An Income Effect