Which of the following will cause a reduction in current consumption?
A) a reduction in current disposable income
B) a reduction in financial wealth
C) a reduction in human wealth
D) all of the above
E) both B and C
D
Economics
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An increase in real income ___ the demand for real money balances and thereby causes a ___ in the nominal rate of interest.
a. lowers; rise b. lowers; fall c. raises; rise d. raises; fall
Economics
An item to which a business holds legal claim is called a(n)
A) asset. B) liability. C) loan. D) time deposit.
Economics