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

Author Question: An increase in the price level ________ real wealth, which causes consumption to ________. A) ... (Read 171 times)

khang

  • Hero Member
  • *****
  • Posts: 569
on: Jun 29, 2018
An increase in the price level ________ real wealth, which causes consumption to ________.
 
  A) lowers; decrease B) raises; decrease C) lowers; increase D) raises; increase

Question 2

In the dynamic aggregate demand and aggregate supply model, what is the result of aggregate demand increasing faster than potential real GDP?
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

Aggregate demand increasing faster than potential real GDP results in inflation.


khang

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 29, 2018
Correct answers!


perkiness

  • Sr. Member
  • ****
  • Posts: 348
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Warfarin was developed as a consequence of the study of a strange bleeding disorder that suddenly occurred in cattle on the northern prairies of the United States in the early 1900s.

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?

A headache when you wake up in the morning is indicative of sinusitis. Other symptoms of sinusitis can include fever, weakness, tiredness, a cough that may be more severe at night, and a runny nose or nasal congestion.

Did you know?

Between 1999 and 2012, American adults with high total cholesterol decreased from 18.3% to 12.9%

Energy Level Diagram of Hydrogen Energy Level Diagram of Hydrogen
Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ... Enterohepatic recirculation of a drug can increase its half-life in the body and prolong its ...
Upper-Level Maps Upper-Level Maps
Normal change in sea level Normal change in sea level
How much the temperature will rise depends on many factors that affect the level of GHG emission How much the temperature will rise depends on many factors that affect the level of GHG emission
The developed countries must reduce the level of greenhouse gas emissions The developed countries must reduce the level of greenhouse gas emissions
Video: Egg and Sperm Formations in Animals Animation

For a complete list of videos, visit our video library