Answer:
yes, and what is the question?
Explanation:
Answer:
The intuition behind the real wealth effect is that when the price level decreases, it takes less money to buy goods and services. The money you have is now worth more and you feel wealthier. So, in response to a decrease in the price level, real GDP will increase.
Explanation:
Answer:
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That depends on how you define what is right. If you define it based on society, then no, the rules wouldn’t change.
If you yourself define the rules, then what is stopping you from changing them?