As the price level falls and other things remain the same, real wealth ________ and ________.
A. decreases; short-run aggregate supply decreases
B. decreases; the quantity of real GDP demanded decreases
C. increases; aggregate demand increases
D. increases; the quantity of real GDP demanded increases
Answer:D
As the price level falls and other things remain the same, real wealth ________ and ________.
A. decreases; short-run aggregate supply decreases B. decreases; the quantity of real GDP demanded decreases C. increases; aggregate demand increases D. increases; the quantity of real GDP demanded increases