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Author Question: A decrease in the general price level is associated with an upward shift in the aggregate ... (Read 37 times)

Jramos095

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on: Jun 30, 2018
A decrease in the general price level is associated with an upward shift in the aggregate expenditures function.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

If an increase in the price of Good X causes a decrease in the demand for Good Y, we can conclude that:
 a. Goods X and Y are complements.
  b. Goods X and Y are substitutes.
 c. Goods X and Y are normal goods.
  d. the price of Good Y will increase.


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lin77x

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

True

Answer to Question 2

a


Jramos095

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

mammy1697

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Reply 3 on: Yesterday
Excellent

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