🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Economics
8
answers
1
watching
43
views
23 Nov 2019

1) What happens when the price level decreases?

A. Consumption decreases.

B. Interest-sensitive spending, such as planned investment, increases.

C. The purchasing power of accumulated saving decreases.

D. The demand for money increases.

Watch
8
answers
1
watching
43
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Get unlimited access
Already have an account? Log in
Share
Collen Von
Collen VonLv2
11 Jul 2019
Get unlimited access
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Which of the following best describes the aggregate demand curve?
a. As the aggregate price level decreases, the stock of existing physical capital increases.
b. As the aggregate price level increases, consumer expectations about the future change.
c. An increase in the aggregate price level causes consumer and investment spending to fall because consumer purchasing power decreases and money demand increases.
d. As a good's price increases, holding all else constant, the good's quantity demanded decreases.

which of the following best describes why the aggregate demand curve is downward sloping?

a. As the aggregate price level decreases, the stock of existing physical capital increases.

b. As the aggregate price level increases, consumer expectations about future change.

c. An increase in the aggregate price level causes consumer and investment spending to fall because consumer purchasing power decreases and money demand increases.

d. As a good's price increases, holding all else constant, the good's quantity demanded decreases.

1) If the price of a complement increases, what happens to equilibrium price and quantity of the orginal good?

a) price increases, quantity increases

b) prince increases, quantity decreases

c) price decreases, quantity decreases

d) price decreases, quantity increases

e) none of the above


2) If the price of a substitute increases, what happens to equilibrium price and quantity of the original good?

a) price increases, quantity increases

b)price increases, quantity decreases

c) price decreases, quantity decreases

d) price decreases, quantity increases

e) none of the above


3) If the price of an input increases, what happens to equilibrium price and quantity of the original good?

a) price increases, quantity increases

b) price increases, quantity decreases

c) price decreases, quantity decreases

d) price decreases, quantity increases

e) none of the above


4) If technology increases for a substitute good, what happens to equilibrium price and quantity of the original good?

a) price increases, quantity increases

b) price increases, quantity decreases

c) price decreases, quantity decreases

d) price decreases, quantity increases

e) none of the above


5) If there is a freeze and the other farmers lost part of your corn crop, what happens to equilibrium price and quantity of corn in the corn market?

a) price increases, quantity increases

b) price increases, quantity decreases

c) price decreases, quantity decreases

d) price decreases, quantity increases

e) none of the above


Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in