A decrease in the price level willa decrease consumption, Ask an Expert

Economics

A decrease in the price level will

A. decrease consumption because the price of goods is lower

B. make the consumption function better

C. increase consumption because prices are wages, so peopl have more income

D. increase consumption because the value of wealth has increased

E. decrease consumption because rising interest rates make it more expensive to borrow

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91571084

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