As the Price Level Falls and Other Things Remain the Same

question 443

Multiple Choice

As the price level falls and other things remain the same, real wealth and .

• A) decreases; short- run aggregate supply decreases
• B) increases; the quantity of real GDP demanded increases
• C) increases; aggregate demand increases
• D) decreases; the quantity of real GDP demanded decreases

---

Definitions:

FUTA Tax Return

A federal tax form required from employers to report and pay unemployment taxes to the Internal Revenue Service, associated with the Federal Unemployment Tax Act.

Wage And Tax Statement

A form, typically referred to as a W-2 form in the United States, that employers provide to employees detailing the employee's annual wages and the amount of taxes withheld from their paycheck.

Tax Liability Accounts

Financial accounts that track the amount of tax that a person or organization owes to the government.

General Checking Account

A type of bank account that allows for the deposit and withdrawal of funds for daily transactions.