If something caused resources to become more readily available,then
A)the price level and real GDP would rise.
B)the price level and real GDP would fall.
C)the price level would rise and real GDP would fall.
D)the price level would fall and real GDP would rise.

Question

Quizplus · Accepted Answer

When resources become more readily available, it generally leads to a decrease in production costs. This, in turn, leads to a decrease in prices, as suppliers can offer goods and services at a lower cost. This increase in supply also leads to an increase in real GDP, as the economy is able to produce more goods and services. Therefore, the price level would fall and real GDP would rise.

If Something Caused Resources to Become More Readily Available,then