A rise in the price level brings a ________ in the buying power ...

[renzo156]

A rise in the price level brings a ________ in the buying power of money that ________ consumption expenditures and causes the quantity of real GDP demanded to ________.
 
  A) fall; decreases; decrease
  B) fall; increases; increase
  C) rise; increases; increase
  D) rise; decreases; decrease
  E) fall; decreases; increase

Question 2

The table above shows a production possibilities frontier for an economy. If the economy tried to produce a combination of 250 loaves of bread and 800 books,
 
  A) there is some unemployment.
  B) it cannot produce this combination because it lacks enough resources or technology.
  C) it is enjoying a free lunch.
  D) the tradeoff between bread and books is inefficient.
  E) there is full employment.

[prumorgan]

Answer to Question 1

A

Answer to Question 2

B

[renzo156]

YES! Correct, THANKS for helping me on my review

[xoxo123]

Thanks for the timely response, appreciate it