18 - : If aggregate demand increases in an economy while aggregate demand is constant in the short run, which of the following statements is correct for the new equilibrium point? A) price decreases and national income increases B) price rises national income rises C) price increases and national income does not change D) price goes up and national income goes down E) price decreases and national income decreases.
18 - : If aggregate demand increases in an economy while aggregate demand is constant in the short run, which of the following statements is correct for the new equilibrium point? A) price decreases and national income increases B) price rises national income rises C) price increases and national income does not change D) price goes up and national income goes down E) price decreases and national income decreases.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
18 - : If aggregate
A)
B) price rises national income rises
C) price increases and national income does not change
D) price goes up and national income goes down
E) price decreases and national income decreases.
19 - : In which of the following expressions is the equation of change given correctly?
A) MV=VK
B) MT=PV
C) MV=PT
D) MP=VY
E) MV=P
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