Decreases in the price level will
A)lower consumption because goods and services are less affordable.
B)raise consumption because goods and services are more affordable.
C)raise consumption because real wealth increases.
D)lower consumption because real wealth decreases.
E)leave consumption unchanged.

Question

Quizplus · Accepted Answer

The Answer of Decreases in the price level will
A)lower consumption because goods and services are less affordable.
B)raise consumption because goods and services are more affordable.
C)raise consumption because real wealth increases.
D)lower consumption because real wealth decreases.
E)leave consumption unchanged.

Decreases in the Price Level Will