I wanted to know if these were correct The economy experiences a decrease in the price level and an increase in real domestic output. Which is a likely explanation? Pick your answer from below and explain your answer choice using aggregate demand and aggregate supply.A. Consumer incomes and the quantity of labor have decreased. B. Business costs and wage rates have decreased. C. The prices of imported resources have increased. D. National income abroad has increased.**Correct Answer:**B. Business costs and wage rates have decreased. **Question:**Which combination of factors would most likely increase aggregate demand? Pick your answer from below and explain your answer choice using aggregate demand and aggregate supply.A. An increase in household indebtedness and a decrease in net exports. B. An increase in consumer wealth and a decrease in interest rates. C. An increase in net exports and a decrease in government spending. D. An increase in business taxes and a decrease in profit expectations.**Answer:**B. An increase in consumer wealth and a decrease in interest rates.

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The economy experiences a decrease in the price level and an increase in real domestic output. Which is a likely explanation? Pick your answer from below and explain your answer choice using aggregate demand and aggregate supply. A. Consumer incomes and the quantity of labor have decreased. B. Business costs and wage rates have decreased. C. The prices of imported resources have increased. D. National income abroad has increased.

The economy experiences a decrease in the price level and an increase in real domestic output. Which is a likely explanation? Pick your answer from below and explain your answer choice using aggregate demand and aggregate supply. A. Consumer incomes and the quantity of labor have decreased. B. Business costs and wage rates have decreased. C. The prices of imported resources have increased. D. National income abroad has increased.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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