During 2012,a Country Reports That Its Price Level Fell and the Money

question 102

Multiple Choice

During 2012,a country reports that its price level fell and the money wage rate did not change.These changes led to a(n) ________ because their country experienced a(n) ________.

• A)decrease in the quantity of real GDP supplied;higher real wage rate and lower profits for firms
• B)increase in the quantity of real GDP supplied;higher real wage rate and lower profits for firms
• C)decrease in the quantity of real GDP supplied;lower real wage rate and lower profits for firms
• D)increase in the quantity of real GDP supplied;lower real wage rate and higher profits for firms
• E)decrease in aggregate demand;economic expansion

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Definitions:

Chocolate-Covered Peanuts

A snack or confectionery consisting of peanuts that are coated in a layer of chocolate.

Surplus

A scenario where the supply of goods surpasses what is being demanded at the present price level.

Chocolate-Covered Peanuts

Chocolate-covered peanuts are a confectionery or snack consisting of peanuts coated in a layer of chocolate, combining sweet and salty flavors.

Price Per Bag

The cost associated with purchasing a single bag of a product, often used in the context of groceries or bulk items.