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2 years ago

As the price level rises ceteris paribus people holding some of their wealth in monetary form because:_____

Business

1 answer:

klio [65]2 years ago

6 0

Answer:

a. less wealthy and they buy less.

Explanation:

we are assuming a situation where the price level rises (inflation rises), so anyone holding cash will be able to purchase a smaller amount of goods with the same amount of cash simply because the goods are more expensive. E.g. you purchased 10 goods with $100, but if the inflation rate increases to 10%, you will be able to purchase only 9 goods with the same $100. As inflation rises, people holding cash (or other monetary form) will lose wealth and purchasing power.

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USPshnik [31]

The type of syllogism being used in the given sentence is a conditional syllogism.

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2 years ago

What country first began to dismantle its welfare state? What was put in its place?

ANTONII [103]

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.

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</span>What was put in its place? <span>A pension plan replaced welfare.</span>

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3 years ago

Why would a smart person keep at least a $100 balance in their checking account

Delvig [45]

It’s going to be A and it’s self explanatory so i don’t have an explanation

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2 years ago

Currently you purchase ten frozen pizza per month. You will graduate from college in December, and you will start a new (high-pa

bogdanovich [222]

Answer:

Inferior good

Explanation:

Inferior goods are those type or the kind of goods whose demand falls or decline when the income of the person or customer or individual rises or increases.

In short, the demand of the inferior goods is related inversely to the customer or person income.

So, in this case, the person bought 10 frozen pizzas per month, but when the person start earning, then the person would not buy the frozen pizzas. The frozen pizza will be inferior good for the person as the income of the person will rise.

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3 years ago

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irinina [24]

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SEC is the governing body which has the authority in the case of ADV form.

Learn more about the ADV form here:-

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1 year ago