Author Question: A decrease in the general price level is associated with an upward shift in the aggregate ... (Read 78 times)

Jramos095 · **on:** Jun 30, 2018

A decrease in the general price level is associated with an upward shift in the aggregate expenditures function.
a. True
b. False
Indicate whether the statement is true or false

Question 2

If an increase in the price of Good X causes a decrease in the demand for Good Y, we can conclude that:
a. Goods X and Y are complements.
b. Goods X and Y are substitutes.
c. Goods X and Y are normal goods.
d. the price of Good Y will increase.