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Author Question: When the general price level rises (Read 51 times)

shofmannx20

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on: Apr 19, 2019

Question 1

The aggregate demand curve slopes downward because at higher price levels


◦ the purchasing power of consumers' assets declines and consumption increases.
◦ producers can get more for what they produce, and they increase production.
◦ the purchasing power of consumers' assets declines and consumption decreases.
◦ the purchasing power of consumers' assets increases and consumption increases.

Question 2

When the general price level rises


◦ consumption falls as a result of the real wealth effect.
◦ consumption increases as a result of the multiplier effect.
◦ investment rises as a result of the real wealth effect.
◦ investment rises as a result of the multiplier effect.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by shofmannx20 on Apr 19, 2019

Sweetkitty24130

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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shofmannx20

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Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

Jsherida

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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