This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: When the general price level rises (Read 26 times)

shofmannx20

  • Hero Member
  • *****
  • Posts: 562
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
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by shofmannx20 on Apr 19, 2019

Sweetkitty24130

  • Sr. Member
  • ****
  • Posts: 291
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.
Answer Preview
Only 39% of students answer this correctly


shofmannx20

  • Member
  • Posts: 562
Reply 2 on: Apr 19, 2019
YES! Correct, THANKS for helping me on my review

jamesnevil303

  • Member
  • Posts: 337
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

All patients with hyperparathyroidism will develop osteoporosis. The parathyroid glands maintain blood calcium within the normal range. All patients with this disease will continue to lose calcium from their bones every day, and there is no way to prevent the development of osteoporosis as a result.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

General Biology General Biology
Labeling of black cohosh: (a) front label with general health claim Labeling of black cohosh: (a) front label with general health claim
Reaction 7: The First Substrate-Level Phosphorylation Reaction 7: The First Substrate-Level Phosphorylation
Pathways of nitrogen metabolism (purple) in the general pattern of intermediary metabolism Pathways of nitrogen metabolism (purple) in the general pattern of intermediary metabolism
World Mean Sea-Level Temperatures in January World Mean Sea-Level Temperatures in January
General mechanism of egg formation in animals General mechanism of egg formation in animals
Video: How a Urinalysis is Performed

For a complete list of videos, visit our video library