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All else remaining constant, real income will fall when a the p

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All else remaining constant, real income will fall when...
a. the price level rises
deflation occurs
nominal income falls
d.
wealth declines.b.
deflation occursc.
nominal income falls
d.
wealth declines.
Solution
All else remaining constant, real income will fall when the
a) price level rises
(as it decreases the purchasing power of money)

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All else remaining constant, real income will fall when... a. the price level rises deflation occurs nominal income falls d. wealth declines.b. deflation occursc. nominal income falls d. wealth declines. Solution All else remaining constant, real income will fall when the a) price level rises (as ...
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