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:

Per Annum

Annually or per year, often used in the context of interest rates or salaries.

Term Deposit

A type of bank deposit that has a fixed term and typically offers a higher interest rate than savings accounts.

Down Payment

An initial upfront portion of the total amount due, often associated with the purchase of expensive goods like homes or cars, which is paid at the time of the sale.

Term Deposit

A deposit at a financial institution that has a fixed term and typically offers a higher interest rate than a regular savings account.