Which of the Following Would Not Be an Expected Response

question 110

Multiple Choice

Which of the following would not be an expected response from a decrease in the price level and so help to explain the slope of the aggregate-demand curve?

• A)When interest rates fall, In-and-Out Convenience Stores decides to build some new stores.
• B)The exchange rate falls, so French restaurants in Paris buy more Kansas beef.
• C)Tyler feels wealthier because of the price-level decrease and so he decides to remodel his kitchen.
• D)With prices down and wages fixed by contract, Fargo Concrete Company decides to lay off workers.

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Definitions:

Identical Product

A product that is exactly the same in every characteristic and feature as another product.

Sophisticated-User

A legal defense that releases a manufacturer from liability if the user of their product is deemed to have sufficient expertise to appreciate the risks associated with the product's use.

Dangerous Side Effect

Adverse reaction or harmful result from the use of a medication, medical device, or another intervention.

Over-The-Counter Drug

Medications that can be purchased without a prescription from a healthcare professional and are approved for general public use.