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Author Question: According to the law of demand, other things equal, when the price of a good or service falls, ... (Read 34 times)

APUS57

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on: Jun 30, 2018
According to the law of demand, other things equal, when the price of a good or service falls, demand increases.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

In the analysis of the interest rate effect, when the price level changes, the quantity of money households and firms' want to hold and interest rates move in the ____ direction as the change in the price level, while investment and the quantity RGDP demanded move in the ____ direction as the change in the price level.
 a. Same, same
 b. Same, opposite
 c. Opposite, same
 d. opposite, opposite


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welcom1000

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

False

Answer to Question 2

b


APUS57

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

steff9894

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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