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tangnu832Lv1
11 Dec 2019
Other things the same, a fall in the economy's overall level of prices tends to:
(i) raise the quantity demanded of goods and services, but lower the quantity supplied.
(ii) raise both the quantity demanded and supplied of goods and services.
(iii) lower the quantity demanded of goods and services, but raise the quantity supplied.
(iv) lower both the quantity demanded and the quantity supplied of goods and services.
Other things the same, a fall in the economy's overall level of prices tends to:
(i) raise the quantity demanded of goods and services, but lower the quantity supplied.
(ii) raise both the quantity demanded and supplied of goods and services.
(iii) lower the quantity demanded of goods and services, but raise the quantity supplied.
(iv) lower both the quantity demanded and the quantity supplied of goods and services.
Nestor RutherfordLv2
9 Apr 2020
