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Loraine Loraine
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8 years ago
During 2012, a country reports that its price level fell and the money wage rate did not change. These changes led to a(n) ________ because their country experienced a(n) ________.
A) decrease in the quantity of real GDP supplied; higher real wage rate and lower profits for firms
B) increase in the quantity of real GDP supplied; higher real wage rate and lower profits for firms
C) decrease in the quantity of real GDP supplied; lower real wage rate and lower profits for firms
D) increase in the quantity of real GDP supplied; lower real wage rate and higher profits for firms
E) decrease in aggregate demand; economic expansion
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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#2
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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