Other Things the Same,an Unexpected Fall in the Price Level

question 65

Multiple Choice

Other things the same,an unexpected fall in the price level results in some firms having

• A)lower than desired prices,which increases their sales.
• B)lower than desired prices,which depresses their sales.
• C)higher than desired prices,which increases their sales.
• D)higher than desired prices,which depresses their sales.

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Definitions:

Trustee

A person who is entrusted with the management and control of another’s property or the rights associated with that property.

Federal Bankruptcy Law

A collection of laws outlined in the U.S. Bankruptcy Code that governs the process by which individuals, couples, and businesses may declare bankruptcy in the United States.

Bankruptcy Code

The set of federal statutes that govern the process of legal declaration of a person or corporation's inability to pay debts.

Alimony

Financial support paid by one former spouse to another after divorce or separation, intended to provide for the recipient's needs.