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Author Question: As we move along a planned expenditures line A) price level falls. B) price level fluctuates ... (Read 307 times)

asd123

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on: Jun 30, 2018
As we move along a planned expenditures line
 
  A) price level falls.
  B) price level fluctuates depending on whether the economy is expanding or contracting.
  C) price level rises.
  D) price level is held constant.

Question 2

Suppose that consumers expect that the price of a product will increase in the future. The result is that
 
  A) the current supply of the product decreases. B) the current demand for the product decreases.
  C) the current demand for the product increases. D) the current supply of the product increases.
Macroeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 7th Edition
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Dunkey

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Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

C


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