2 years ago

If the average price level decreases,

1 answer:

7 0

Answer:

The intuition behind the real wealth effect is that when the price level decreases, it takes less money to buy goods and services. The money you have is now worth more and you feel wealthier. So, in response to a decrease in the price level, real GDP will increase.

Explanation:

You might be interested in

Effective and efficient maintenance of records requires records management support personnel within a command to perform which o

natima [27]

Answer:

Read Below

Explanation:

The keys to an effective records management system are ensuring you have the right skill set, developing a classification scheme, defining a metadata model, ensuring records management is represented, leveraging staff for quality control, inviting regulatory input, and ensuring stakeholders are engaged.

3 0

2 years ago

What is 12 + 23 x 2 +3 - 7? how do i even go about this question?<br> i need to know this.

nika2105 [10]

Answer:

Explanation:

you have to use the principal of BODMAS

12 + 23 x 2 + 3 - 7

12 + 46 + 3 - 7

61 - 7

3 0

2 years ago