As the Price Level Falls and Other Things Remain the Same

question 138

Multiple Choice

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

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

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Definitions:

Carefully Considering

The process of thinking about something deeply and thoroughly before making a decision or forming an opinion.

Committed

Being dedicated or bound emotionally or intellectually to a cause, activity, or person.

Shields

Devices or means used to protect oneself from harm or danger.

Blocking

A process or action that obstructs, prevents, or restricts movement or progress, often used in various contexts such as psychology, sports, and technology.