A decrease in the relative price of economics textbooks will raise the aggregate quantity of an economy's goods and services demanded
a. True
b. False
Indicate whether the statement is true or false
False
Economics
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If a firm buys its labor in a competitive market, then a short-run increase in the price of the firm's output will cause the firm to
A) offer a higher wage. B) hire fewer workers. C) hire more workers. D) offer a lower wage.
Economics
Given the slope of the aggregate demand curve, real GDP demanded will decrease when
a. real income rises. b. real income falls. c. the price level falls. d. the price level rises.
Economics