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Author Question: The quantity of real GDP demanded increases if _______. A. the buying power of money increases ... (Read 55 times)

ahriuashd

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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
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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juicepod

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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


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ahriuashd

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Reply #2 on: Jun 29, 2018
Thank you


juicepod

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Reply #3 on: Jun 29, 2018
No problemo


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