An individual holds $10 000 in an interest-earning checking account,and the overall price level rises significantly.Other things constant,we would expect
A)the individual's real wealth to decrease and consumption to diminish.
B)the individual's stock of real wealth to decrease but real national income to increase.
C)no change in the individual's real wealth but a decline in real national product.
D)we cannot be sure since we do not know the magnitude of the interest earned relative to the increase in price level.

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The Answer of An individual holds $10 000 in an interest-earning checking account,and the overall price level rises significantly.Other things constant,we would expect
A)the individual's real wealth to decrease and consumption to diminish.
B)the individual's stock of real wealth to decrease but real national income to increase.
C)no change in the individual's real wealth but a decline in real national product.
D)we cannot be sure since we do not know the magnitude of the interest earned relative to the increase in price level.

An Individual Holds $10 000 in an Interest-Earning Checking Account,and