For a person to keep his real income steady at a certain level from one year to the next, his nominal income must Multiple Choice
1. rise if the price index falls.
2. stay the same as the price index rises.
3. fall if the price index rises.
4. rise as fast as the price index.
+1
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “For a person to keep his real income steady at a certain level from one year to the next, his nominal income must Multiple Choice 1. rise ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » For a person to keep his real income steady at a certain level from one year to the next, his nominal income must Multiple Choice 1. rise if the price index falls. 2. stay the same as the price index rises. 3. fall if the price index rises. 4.