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
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
Chapter4: Demand, Supply, And Markets
Section: Chapter Questions
Problem 3.4P
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fcd77d495-3f9c-437f-b5bd-7a99f7081e76%2Fb5e7363c-f70a-4b2a-be28-863e26a61b7e%2Fft3nlmc_processed.jpeg&w=3840&q=75)
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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