When the price level _{--------------------} , equilibrium expenditure _{--------------------}and the quantity of real GDP demanded _{--------------------}. A)rises; increases; increases B)rises; decreases; increases C)falls; increases; decreases D)rises; increases; decreases E)falls; increases; increases

Question

Quizplus · Accepted Answer

When the price level falls, equilibrium expenditure increases due to higher purchasing power, leading to an increase in the quantity of real GDP demanded.

When the Price Level -------------------- , Equilibrium Expenditure --------------------and the Quantity

When the Price Level _{--------------------} , Equilibrium Expenditure _{--------------------}and the Quantity