The price level effects consumer spending through changes in real

Using the table, Fred's marginal cost of the 200th slice of pizza is

A) $2.50. B) $6. C) $0.50. D) $20.

A fall in the price level would lead to an increase in consumption according to ________ because ________

A) Friedman; the value of assets fall B) Modigliani; the value of assets fall C) Friedman; the value of assets rise D) Modigliani; the value of assets rise