Real income will rise from one year to the next if nominal income:

A.  Falls and the price level falls faster
B.  Rises and the price level rises faster
C.  Falls and the price level rises
D.  Falls faster than the price level

A.  Falls and the price level falls faster

Economics

You might also like to view...

Bank deposits denominated in Mexican pesos are an example of foreign exchange

a. True b. False

Economics

Monopolistically competitive firms sell goods that are

a. close substitutes b. perfect substitutes c. not substitutes d. not differentiated products e. complements

Economics