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1 Feb 2019
A decrease in the price level might cause:
A. an increase in the quantity of aggregate demand because of the substitution effect.
B. an increase in the quantity of aggregate demand because of the wealth effect.
C. a decrease in the quantity of aggregate demand because of the interest rate effect.
D. a decrease in the quantity of aggregate demand because of the multiplier effect.
A decrease in the price level might cause:
A. an increase in the quantity of aggregate demand because of the substitution effect.
B. an increase in the quantity of aggregate demand because of the wealth effect.
C. a decrease in the quantity of aggregate demand because of the interest rate effect.
D. a decrease in the quantity of aggregate demand because of the multiplier effect.
erinhare45Lv2
2 Jun 2021