Question: D Question 1 When the consumer price index falls, a family with fixed nominal income O experiences a decrease in its buying power. can afford

 D Question 1 When the consumer price index falls, a family

with fixed nominal income O experiences a decrease in its buying power.

D Question 1 When the consumer price index falls, a family with fixed nominal income O experiences a decrease in its buying power. can afford to buy fewer goods and services. can spend fewer dollars to buy the same amount of goods and services. O has to spend more dollars to buy the same amount of goods and services. D Question 2 The table below pertains to Pieway, an economy in which the typical consumer's basket consists of 15 bushels of peaches and 10 bushels of pecans. Year Price of Peaches Price of Pecans 2012 $11 per bushel $6 per bushel 2013 $9 per bushel $10 per bushel Refer to the table above. The cost of the basket in 2012 was O $255. $225 $235 $200

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