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:
The correct answer is a Credit Union.
Credit Unions are able to charge lower rates than a bank because of their structure. Banks are set up as a for-profit business, so they charge more in order to make themselves more profitable. Credit Unions are set up like cooperatives where the customers own them, or like a non-profit organization. This allows Credit Unions to charge lower rates. Additionally, the Credit Unions normally distributes the profit back to the customer.
Answer: (7) It appears that tremendous numbers of consumers are influenced by advertising, despite their claims to the contrary.
Explanation:
The main idea of this passage is that advertising works despite people's claims to the contrary.
This is the main idea because every other sentence centres around this one with the first sentence attempting to explain how it works.
The second sentence then attempts to disprove it while the third, fourth, fifth and the sixth show show evidence of its truthfulness.
