The quantity of aggregate goods and services demanded rises when the
a. price level rises, because the interest rate rises.
b. price level rises, because the interest rate falls.
c. price level falls, because the interest rate rises.
d. price level falls, because the interest rate falls.
d
Economics
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What is the effect on aggregate supply and potential GDP of an increase in the money wage rate?
What will be an ideal response?
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If a firm's marginal revenue is below its marginal cost, an increase in production will usually:
a. increase profits. b. leave profits unchanged. c. decrease profits. d. increase marginal revenue.
Economics