After reading and reviewing Chapter 6 and watching the video(s) Economic Systems and Macroeconomics: Crash Course Economics
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Question:
After reading and reviewing Chapter 6 and watching the video(s) Economic Systems and Macroeconomics: Crash Course Economics #3 and Taxes: Crash Course Economics #31, answer one of the following discussion questions. Make sure to include relevant points to your answer.
Should people typically pay more attention to their real income or their nominal income? If you choose the latter, why would that make sense in today's world? Would your answer be the same for the 1970s?
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