An increase in consumer confidence combined with an increase in nominal wages will Question 25 Not yet answered Marked out or P Flag guestion a. have an uncertain impact on P and increase Y. b. increase P and decrease Y. c. increase P and but have an uncertain impact on Y. d. decrease P and decrease Y.
An increase in consumer confidence combined with an increase in nominal wages will Question 25 Not yet answered Marked out or P Flag guestion a. have an uncertain impact on P and increase Y. b. increase P and decrease Y. c. increase P and but have an uncertain impact on Y. d. decrease P and decrease Y.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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An increase in consumer confidence combined with an increase in nominal wages will
Question 25
Not yet
answered
Marked out or
P Flag
guestion
a. have an uncertain impact on P and increase Y.
b. increase P and decrease Y.
c. increase P and but have an uncertain impact on Y.
d. decrease P and decrease Y.
If inflation is 1 percent then we can conclude that
a.all prices in the
b. at least one
с.some prices in the CPI basket increased and some decreased.
d. all prices in the CPI basket increased by 1 percent.
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