A decrease in the price level results in a(n) ________ in the quantity of real GDP demanded because a lower price level ________ consumption, investment, and net exports
A) decrease; increases
B) increase; increases
C) decrease; decreases
D) increase; decreases
Answer: B
Economics
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Excess reserves are
A) desired reserves minus actual reserves. B) required reserves minus actual reserves. C) liquidity funds minus actual reserves. D) actual reserves minus desired reserves.
Economics
The longer the time period that suppliers have to adjust to price changes, the
A) greater will be the price elasticity of supply. B) lower will be the price elasticity of supply. C) lower will be the price elasticity of demand. D) greater will be the price elasticity of demand.
Economics