True false or uncertain explain why1 tfu because of, Ask an Expert

Economics

True, false or uncertain. Explain why.

1) TFU: Because of diminishing returns to consumption, a household would be less than twice as happy if nominal income and nominal prices all doubled.

2) TFU: an increase in the interest rate makes all households worse off.

3) TFU: if a household is neither borrowing nor lending, any change in the interest rate makes them better off.

4) TFU: The difference between the price of a nominal bond paying off $1 in nominal terms tomorrow and the price of a real bond paying off $1 in real terms tomorrow is the price level.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91719213

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