Econ 2006 (ECON 2006)

ECON 2006 Practice Problems solved exam solution new docs 79/79 questions and answers solution docs 1) If real salaries increase but nominal salaries do not, this means that: A) the purchasing power of money has decreased. B) prices have not changed. C) prices have risen. D) prices have fallen. 2) Suppose your bank pays you 4 percent interest per year on your savings account, so that $100 grows to $104 over a one-year period. If prices increase by 3 percent per year over that time, a...