Multiple Choice
Suppose that, over time, an economy has experienced decreases in real income and decreases in the price level as well. What would account for this?
A) A decrease in aggregate demand
B) An increase in aggregate demand
C) A decrease in aggregate supply
D) An increase in aggregate supply
Correct Answer:

Verified
Correct Answer:
Verified
Q33: The intersection of aggregate supply and aggregate
Q34: How does an increase in the foreign
Q35: The effect of a decrease in aggregate
Q36: The circular flow model represents the<br>A) flow
Q37: The real balance effect asserts that the
Q39: The circular flow model asserts that government
Q40: A decline in consumer confidence will increase
Q41: How are the price level and the
Q42: Because individual supply curves slope up, the
Q43: The aggregate demand curve will shift to