Question: 1) A decrease in the price level a.decreases the quantity of goods and services demanded. b.decreases the quantity of goods and services supplied in the

1) A decrease in the price level

a.decreases the quantity of goods and services demanded.

b.decreases the quantity of goods and services supplied in the long run.

c.increases the quantity of goods and services supplied in the short run.

d.increases the quantity of goods and services demanded

6)During the 2008-2009 recession real GDP fell by about

a.4%

b.2%

c.6%

d.8%

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