This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: According to the law of demand, other things equal, when the price of a good or service falls, ... (Read 72 times)

APUS57

  • Hero Member
  • *****
  • Posts: 571
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

welcom1000

  • Sr. Member
  • ****
  • Posts: 298
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


APUS57

  • Member
  • Posts: 571
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

diana chang

  • Member
  • Posts: 288
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

Historic treatments for rheumatoid arthritis have included gold salts, acupuncture, a diet consisting of apples or rhubarb, nutmeg, nettles, bee venom, bracelets made of copper, prayer, rest, tooth extractions, fasting, honey, vitamins, insulin, snow collected on Christmas, magnets, and electric convulsion therapy.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Alan Price - Poor People Alan Price - Poor People
The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ... The paper test involves holding a piece of paper near the tailpipe of an idling engine. A good ...
After checking for stored diagnostic trouble codes (DTCs), the wise technician checks service ... After checking for stored diagnostic trouble codes (DTCs), the wise technician checks service ...
Good body mechanics for lifting heavy objects. Good body mechanics for lifting heavy objects.
Rice noodles are a good gluten-free substitute for pasta Rice noodles are a good gluten-free substitute for pasta
The original Supply and Demand graph The original Supply and Demand graph
Video: Genetic distance between human groups

For a complete list of videos, visit our video library