If E$/£ increases by 20%, this is consistent with an increase from:

a. 4 to 5.
b. 4 to 6.
c. 5 to 6.
d. 4 to 7.


Ans: c. 5 to 6.

Economics

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What type of relationship exists between expected future income and consumption?

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Which of the following groups would most likely to benefit from inflation?

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Firm's under conditions of perfect competition will

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