Which of the following helps to explain why the "inflation fallacy" is a fallacy? Nominal incomes tend to rise at the same time that the price level is rising, leaving real income unchanged. Inflation only changes real variables. As the price level rises, the value of a dollar falls. Increases in the price level can be created by increases in money demand.

\begin{tabular}{l}\hline Listen \\ Why is account verification commonly used for security purposes? \\ to speed up transactions \\ to simplify record-keeping \\ to prevent unauthorized access \\ to encourage impulse purchases \end{tabular}

Listen What is the term for saving 10\% of your earnings each time you get paid? inancial literacy paying yourself first investing

What is known as the cost of an alternative that must be foregone in order to pursue a certain action? fixed cost opportunity cost living within your means paying yourself first

Which of the following would NOT be a deduction listed on your paystub at Macy's? Medicare Parking \( 401 k \) Social Security Tax

What is one potential disadvantage of using credit for making purchases? purchase items now and pay later possibility of overspending if you do not keep good records higher costs with interest and credit card fees all of the above