Perfect summer weather increases farm output by 30 percent. In the short run, this can be expected to ______________ the price level and _____real wealth. decrease; increase increase; increase have no effect on; have no effect on decrease; decrease increase; decrease

ECON MACRO
5th Edition
ISBN:9781337000529
Author:William A. McEachern
Publisher:William A. McEachern
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
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Perfect summer weather increases farm output by 30 percent. In the short run, this
can be expected to
real wealth.
the price level and
decrease; increase
increase; increase
have no effect on; have no effect on
decrease; decrease
increase; decrease
Transcribed Image Text:Perfect summer weather increases farm output by 30 percent. In the short run, this can be expected to real wealth. the price level and decrease; increase increase; increase have no effect on; have no effect on decrease; decrease increase; decrease
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