Author Question: The interest rate effect helps explain why a lower price level will reduce the quantity of real ... (Read 26 times)

bobthebuilder · **on:** Jun 30, 2018

The interest rate effect helps explain why a lower price level will reduce the quantity of real goods and services demanded as an economy moves down along its aggregate demand curve.
a. True
b. False
Indicate whether the statement is true or false

Question 2

When the price ceiling on eggs is lifted, there is a shortage of eggs in the market.
a. True
b. False
Indicate whether the statement is true or false