Question

1. Which effect implies that as the price level within an economy increases, the buying power of savings will

typically fall?
A. Wealth effect
B. Interest rate effect
C. Income effect
D. Substitution effect

This is for Economics!

Answer 1

draw distinction between derivative action as exception to the principle of majority rules of company

Answer 2

The wealth effect implies that as the price level within an economy increases, the buying power of savings will typically fall.