37 A declmc in the quunty of real rint demanded siong the agregne demand curve i

Question

37 A declmc in the quunty of real rint demanded siong the agregne demand curve is resuit of an A. Dectcase in the level of income B Increase in thhe price level C Increase in the level or income D Decrease in the price leve 38 Eliciency wages are associated with A. A psice level that is intlexibe upwará B A price level that i, a flexible downward C A domestic output that cannot be inceased D. A domestic output that cannot be de reased The economy esperiences an increase in the price iovel and a decrease in real domestic ourput Which is a likely explanation? A Productivity has increased B Input prices have increased C. Excess capacity has decreased D Government regulations have becn reduced 40. If at a particular price level, real domestic output from producers is greater than real domestic output desired by purchasers, there will be a A. Suplus and the price level will rise B Surplus and the price level will fall C. Shortage and the price level will rise D. Shortage and the price level will fall

Explanation / Answer

Question:- a decline in the quantity of real output demanded along the aggregate demand curve is a result of an

Answer:- increase in the price level

Question:- The economy experiences an increase in the price level and a decrease in real domestic output. Which of the following is a likely explanation?

Answer:- Input prices have increased

Question:- if at a particular price level, real domestic output from producers is greater than real domestic output desired by purchasers, there will be a

Answer:- surplus and the price level will fall

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