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charle [14.2K]
3 years ago
15

Aggregate demand is the of all goods and services (Real GDP) at different price levels, ceteris paribus. If a person has $100,00

0 in cash and the price level declines, then the of that $100,000 rises. The effect that defines what is happening here is the effect. A change in the price level will change the change the quantity demanded of Real GDP while a change in the money supply will change aggregate demand. a. True b. false
Business
1 answer:
kobusy [5.1K]3 years ago
5 0

Answer:

True

Explanation:

Firstly let understand what real GDP is and is simply the total monetary value of goods and services that has been adjusted for inflation. So for person that has $100,000 an increase in the general price level of goods and services will affect his demand for real goods and services as his purchasing power will drop and while a change in the money supply will change aggregate demand because change in money supply could be an increase or decrease in total money in circulation and it will either increase or decrease purchasing power.

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The correct answer to this open question is the following.

Explain the HIPP of the primary sources below source: "letter written by John Rolfe."

"H" stands for Historical context. John Rolf was an important component in the foundation and success of the Jamestown, Virginia colony, in the North American territory. In the letter, he explains the Governor of the colony, Thomas Dale, his reasons to marry Pocahontas, a Native American Indian woman.

"I" stands for the Intended audience. The Governor of Jamestown, Virginia colony, Thomas Dale. The intention of John Rolfe was to clearly explain his motives, trying to maintain his intact reputation before the people of Jamestown.

"P" stands for Purpose. Rolfe wanted the approval of the Governor, knowing that in those years, Native American Indians were considered savages that first needed to be converted to the Christian religion to be accepted in the colonial society.

"P" stands for Point of view. In this part, we have to understand the point the author is trying to convey. In this case, John Rolfe, an English man, and an important figure that brought the toc¿bacco seed from the Caribbean Islands to grow tobacco crops in Jamestown and made tobacco the king of crops in Virginia wanted to justify his actions but not wanted to compromise his position before the Jamestown society.

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3 years ago
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Keith_Richards [23]

Answer:

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