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

[ahriuashd]

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]

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]

Thank you

[juicepod]

No problemo