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Author Question: The quantity demanded of a product increases as A) the price of the product rises. B) the price ... (Read 86 times)

luvbio

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on: Jun 30, 2018
The quantity demanded of a product increases as
 
  A) the price of the product rises. B) the price of the product falls.
  C) consumer income rises. D) the prices of other products fall.

Question 2

Fully anticipated monetary policy actions cannot alter either the rate of unemployment or the level of real GDP. This statement is
 
  A) the nonaccelerating inflation rate of unemployment theory.
  B) discretionary policy making.
  C) the policy irrelevance proposition.
  D) the Phillips curve.


kalskdjl1212

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

C


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