An Increase In The Price Level Results In A N In The Quantity Of Real G

An increase in the price level results in a(n) ________ in the quantity of real GDP demanded because ________.

increase; a higher price level reduces consumption, investment, and net exports.decrease; a higher price level reduces consumption, investment, and net exports.decrease; a higher price level increases consumption, investment, and net exports.increase; a higher price level increases consumption, investment, and net exports.

Posted in Uncategorized