Author Question: According to the law of demand, other things equal, when the price of a good or service falls, ... (Read 33 times)

APUS57 · **on:** Jun 30, 2018

According to the law of demand, other things equal, when the price of a good or service falls, demand increases.
a. True
b. False
Indicate whether the statement is true or false

Question 2

In the analysis of the interest rate effect, when the price level changes, the quantity of money households and firms' want to hold and interest rates move in the ____ direction as the change in the price level, while investment and the quantity RGDP demanded move in the ____ direction as the change in the price level.
a. Same, same
b. Same, opposite
c. Opposite, same
d. opposite, opposite