A. A 5 percent decrease in the price level.
B. A 10 percent decrease in the quantity of output.
C. A 5 percent increase in the quantity of output.
D. A 10 percent increase in the price level.
ANSWER
D. A 10 percent increase in the price level.
A. A 5 percent decrease in the price level.
B. A 10 percent decrease in the quantity of output.
C. A 5 percent increase in the quantity of output.
D. A 10 percent increase in the price level.
ANSWER
D. A 10 percent increase in the price level.