Author Question: If the overall price level increases, it will cause a decrease in the quantity of real goods and ... (Read 55 times)

darbym82 · **on:** Jun 30, 2018

If the overall price level increases, it will cause a decrease in the quantity of real goods and services demanded but not a change in aggregate demand curve.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Empirical evidence suggests that more digital cameras are being sold today than one year ago, and the selling price has decreased. The probable reason for this could have been an increase in supply.
a. True
b. False
Indicate whether the statement is true or false