A low price level induces consumersto save, which drives down the interestrate.9. In 1970, Mr. Sami earned $12,000; in1980, he earned $24,000; and in 1990,he earned $36,000. If the CPI was 40 in1970, 60 in 1980, and 100 in 1990, thenin real terms, Mr. Sami's 's salary washighest in *O 1980 and lowest in 1990.1990 and lowest in 1980.1980 and lowest in 1970.1990 and lowest in 1970.BackNextClear formNever submit passwords through Google Forms.This form was created inside of Lebanese InternationalUniversity. Report AbuseGoogle Forms

A nominal salary is an amount a person received in monetary terms. Real salary is the purchasing…

9. In 1970, Mr. Sami earned $12,0 1980, he earned $24,000; and i he earned $36,000. If the CPI v 1970, 60 in 1980, and 100 in 199 in real terms, Mr. Sami's 's salar highest in * O 1980 and lowest in 1990. 1990 and lowest in 1980. 1980 and lowest in 1970. 1990 and lowest in 1970.

9. In 1970, Mr. Sami earned $12,0 1980, he earned $24,000; and i he earned $36,000. If the CPI v 1970, 60 in 1980, and 100 in 199 in real terms, Mr. Sami's 's salar highest in * O 1980 and lowest in 1990. 1990 and lowest in 1980. 1980 and lowest in 1970. 1990 and lowest in 1970.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter18: Introduction To Macroeconomics: Unemployment, Inflation, And Economic Fluctuations

Section: Chapter Questions

Problem 13P

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Question

A low price level induces consumers
to save, which drives down the interest
rate.
9. In 1970, Mr. Sami earned $12,000; in
1980, he earned $24,000; and in 1990,
he earned $36,000. If the CPI was 40 in
1970, 60 in 1980, and 100 in 1990, then
in real terms, Mr. Sami's 's salary was
highest in *
O 1980 and lowest in 1990.
1990 and lowest in 1980.
1980 and lowest in 1970.
1990 and lowest in 1970.
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