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Author Question: A rise in the price level brings a ________ in the buying power of money that ________ consumption ... (Read 97 times)

renzo156

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on: Jun 29, 2018
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.


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prumorgan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


renzo156

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Excellent

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