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Author Question: As the price of a pound of peanuts falls, the A) demand for peanuts increases. B) demand for ... (Read 338 times)

shenderson6

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  • Posts: 573
on: Jun 29, 2018
As the price of a pound of peanuts falls, the
 
  A) demand for peanuts increases.
  B) demand for peanuts decreases.
  C) quantity of peanuts demanded increases.
  D) Both answers A and C are correct.

Question 2

Based on the figure above, the aggregate demand curve will shift from AD0 to AD2 when
 
  A) potential GDP increases.
  B) the price level falls.
  C) taxes are lowered.
  D) government expenditure increases.
  E) the Federal Reserve raises the interest rate.


pangili4

  • Sr. Member
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  • Posts: 346
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

E


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