An Increase in the Price Level Results in A(n)________ in the Quantity

question 242

Multiple Choice

An increase in the price level results in a(n) ________ in the quantity of real GDP demanded because ________.

• A)decrease; a higher price level reduces consumption,investment,and net exports.
• B)increase; a higher price level reduces consumption,investment,and net exports.
• C)decrease; a higher price level increases consumption,investment,and net exports.
• D)increase; a higher price level increases consumption,investment,and net exports.

---

Definitions:

Brand

The identity, including the name, symbol, or design, that distinguishes a product or company from its competitors in the eyes of the customer.

Projective Technique

A psychological methodology used to uncover people’s true opinions and feelings by having them project these onto an ambiguous task or stimuli.

Express Themselves

The act of conveying thoughts, feelings, or ideas through various means, such as speech, writing, or art.

Unwilling

Not ready, eager, or prepared to do something.