Suppose workers become optimistic about their future employment, which causes them to spend more and save less. if the economy is on the intermediate range of the aggregate supply curve, then
a. real gdp will fall and the price level will rise.
b. real gdp will rise and the price level will fall.
c. only the real gdp will fall.
d. only the price level will fall.
e. both real gdp and the price level will fall.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

answer; a set of mutual funds with similar risk characteristics to your mutual fund;

answeri believe this is (true );