Answer: Income effect refers to the change in an income earned by an individual and with a percentage change upward or downward impacts consumer buying/ purchasing power of it
Explanation: You didn't put the answer choices so ii couldn't tell you exactly which one.
Answer:
<em>Mataas ang inflation o implasyon rate. Kapag ang implasyon ay masyadong mataas, hindi ito mabuti para sa ekonomiya.</em>
<em>Marami ang walang trabaho at mataas ang unemployment rate.</em>
The answer is:
C. Mount Kilimanjaro