Author Question: If consumers expect that the price of pretzels will decrease next week, what would happen today? ... (Read 110 times)

P68T · **on:** Jun 29, 2018

If consumers expect that the price of pretzels will decrease next week, what would happen today?

A) Demand today for pretzels would decrease.
B) Demand today for pretzels would increase.
C) Demand today for pretzels would be unaffected.
D) Supply today of pretzels would decrease.

Question 2

The real GDP in a nation has just increased from 2 billion to 2.1 billion.

A) This country has experienced economic growth because there is a .1 billion increase in real GDP.
B) We do not know if this country experienced economic growth since the increase in the population was not given.
C) We do not know if this country experienced economic growth since information on nominal GDP was not given.
D) This country did not experience economic growth since .1 billion is not a large number.