In an Open Economy as the Price Level Decreases, A(n)

question 193

Multiple Choice

In an open economy as the price level decreases, a(n) ____ in demand for domestic goods relative to foreign goods results in a(n) ____ in the quantity of RGDP demanded.

• A)​increase, decrease
• B)​increase, increase
• C)​decrease, decrease
• D)​decrease, increase

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Definitions:

Liberty

Experiencing liberation in society from the oppressive impositions by those in power on personal conduct, way of living, or political attitudes.

Elect

To choose or select someone or something, typically through a vote, for a particular role or position.

Massachusetts General Court

The legislative body of the Commonwealth of Massachusetts, one of the oldest functioning legislatures in the United States.