A higher price level leads to
A. lower real wealth.
B. higher level of debt.
C. a higher consumption function.
D. higher aggregate demand.
Answer: A
Economics
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When the price of a good decreases,
A) supply increases. B) supply decreases. C) quantity supplied increases. D) quantity supplied decreases.
Economics
The classical view believes that ________
A) economies move slowly to their long run equilibrium levels B) a rise in the quantity of money leads to increases in saving and investment C) a rise in the quantity of money has no impact on economic activity D) all of the above E) none of the above
Economics