Question : 11) Consider a simple macro model with demand-determined output. Other : 1384392
11) Consider a simple macro model with demand-determined output. Other things being equal, the price level and desired aggregate expenditure are related to each other A) positively. B) proportionally. C) progressively. D) exponentially. E) negatively. Answer: E Diff: 1 Topic: 23.1a. effects of an exogenous change in the price level Skill: Recall User2: Qualitative 12) Consider a simple macro model with demand-determined […]