Solved

Which Statement Best Explains an Increase in Consumer Spending

Question 116

Multiple Choice

Which statement best explains an increase in consumer spending?


A) People spend more when the price level rises because the dollars they hold are worth more.
B) People spend more when the price level rises because the dollars they hold are worth less.
C) People spend more when the price level falls because the dollars they hold are worth more.
D) People spend more when the price level falls because the dollars they hold are worth less.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions