The aggregate quantity demand of real GDP A. increases if the price level rises. B. decreases if the price level rises. C. does not change with prices. D. All of the choices above are correct.
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The aggregate quantity
A. increases if the
B. decreases if the price level rises.
C. does not change with prices.
D. All of the choices above are correct.
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Solved in 4 steps
- If total spending is less than total output, then price levels will Select one: a. rise and output will increase. b. fall and output will decrease. c. fall and output will increase. d. rise and output will decrease.. _______ Demand is aa. relationship between prices and the quantities purchased by buyers.b. relationship between prices and the quantities offered by producers.c. quantity of goods available for purchase.d. is measured by comparing the gross domestic product with supply.e. by-product of communism.1. Changes in real GDP reflect a. only changes in prices. b. only changes in the amounts being produced. c. both changes in prices and changes in the amounts being produced. d. neither changes in prices nor changes in the amounts being produced.
- At any given amount of income, an increase in consumption will result in a. A rise in total demand b. A boost in exports c. Decrease in tax revenue d. A reduction in the amount of money spent on imports(1) Recent measurements have shown a significant deterioration in the quality of the Scottish seaside. Which of the following statements are compatible with this observation? A. The real value of GDP has increasedB. The real value of GDP remains the same C. North Sea oil wells have dried upD. The price of swimming costumes has gone down (2) The impact of Covid-19 on happiness is negative because A. it decreased economic activityB. it coincided with BrexitC. it forced social isolationD. it obliged people to develop new Information Technology skills(i) A is correct(ii) A and B are correct(iii) A and C are correct(iv) All of the above are correctPlease no written by hand solutions For a demand schedule, which of the following is held constant? a. relative prices b. nominal prices c. quantity demanded d. quality of the good
- 1. Suppose real GDP is currently $500 billion. Assuming that the price level remains constant, this would mean that (first blank) (choices in picture) 2. Which would send a signal to firms to either: A. Increase production B. Keep production the same C. Decrease productionMultiple choice Question: The amount of real GDP that will be made available by sellers at various price levels. A. Aggregate Supply B. Aggregate Demand C. Equilibrium GDP D. Aggregate Sellers3. Economic fluctuations
- Which statement is false? Select one: a. If consumers and businesses both increase spending, everyone's incomes falls. b. Consumer spending is business income. c. Falling wages decrease demand in output markets. d. Business spending is consumer income. e. If consumers and businesses both increase spending, employment increases.7. A large GDP gap implies A. an excess of imports over exports. B. a low rate of unemployment C. a high rate of unemployment.T/F Real GDP does not affect with the level of price.