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

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Definitions:

Real Estate

Property consisting of land and the buildings on it, along with its natural resources such as crops, minerals, or water.

Mutual Fund Shares

Portions of ownership in a mutual fund that an investor can buy, representing a share in the fund's profits, losses, income, and expenses.

Bank Loans

Money lent to individuals or businesses by a bank, to be repaid with interest over a specified period.

Financial Asset(s)

Financial Assets are tangible or intangible assets that represent a claim to future cash flows or ownership of value, including stocks, bonds, and bank deposits.