Paul Daniel's wife asked about another kind of wealth effect!
Dear all,
HW due Weds 8/2
1) Please read over notes on Circular Flow from today's lessons to ensure you understand the example.
2) Use the internet (Economist.com, tutor2u.net, wikipedia, google) to answer these questions:
Dear all,
HW due Weds 8/2
1) Please read over notes on Circular Flow from today's lessons to ensure you understand the example.
2) Use the internet (Economist.com, tutor2u.net, wikipedia, google) to answer these questions:
•How do people hold wealth? What do we mean by a wealthy person?
•What is the difference between wealth and
income?
•Explain
what is meant by the wealth effect, using an example.
•Bring
a unique interesting fact about a wealthy person.
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