Author Question: The quantity of real GDP demanded increases if _______. A. the buying power of money increases ... (Read 54 times)

ahriuashd · **on:** Jun 29, 2018

The quantity of real GDP demanded increases if _______.

A. the buying power of money increases
B. the money wage rate rises
C. the price level falls
D. the nominal interest rate falls

Question 2

Economists use the concept of ________ to measure how one economic variable, such as quantity, responds to a change in another economic variable, such as price.

A) elasticity B) slope C) relativity D) efficiency

juicepod · **Reply #1 on:** Jun 29, 2018

Answer to Question 1

C Changes in the price level bring movements along the AD curve and change the quantity of real GDP demanded.

Answer to Question 2

A

ahriuashd · **Reply #2 on:** Jun 29, 2018

Thank you

juicepod · **Reply #3 on:** Jun 29, 2018

No problemo

Author Question: The quantity of real GDP demanded increases if _______. A. the buying power of money increases ... (Read 54 times)

ahriuashd

The quantity of real GDP demanded increases if _______. A. the buying power of money increases ...

juicepod

The quantity of real GDP demanded increases if _______. A. the buying power of money increases ...

Related Topics

Need homework help now?

ahriuashd

The quantity of real GDP demanded increases if _______. A. the buying power of money increases ...

juicepod

The quantity of real GDP demanded increases if _______. A. the buying power of money increases ...