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mguti436 mguti436
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5 years ago
Suppose you hold $50 to buy groceries weekly and then the price of groceries increases by 5 percent. To be able to buy the same amount of groceries, what must happen to your nominal money holdings?
A) They must increase by $5.
B) They can decrease by $5.
C) They must increase by $2.50.
D) They must increase, but the amount of the increase depends on income.
Textbook 
Macroeconomics

Macroeconomics


Edition: 12th
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mik1104mik1104
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5 years ago
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mguti436 Author
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This site is awesome
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Thank you, thank you, thank you!
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Helped a lot
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