Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Why aggregate spending decrease as the price level increases?

aggregate increases level price Spending
0
Posted

Why aggregate spending decrease as the price level increases?

0 CommentsAdd a Comment

1 Answer

0

Because if a price level is higher for a good, aggregate spending will decrease as the level of the price increases. And vice versa – the cheaper a good is, OR the MORE that your money will buy, the more likely you are to spend that money.

0 CommentsAdd a Comment

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.