When median home prices rise

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Reference no: EM131378527

1. When median home prices rise, while holding everything else constant, the value of real wealth __________ and aggregate demand __________.

decreases; decreases

increases; decreases

increases; is unaffected

is unaffected; is unaffected

increases; increases

2. When foreign income rises, U.S. aggregate:

supply will shift to the right.

demand will shift to the right.

demand will shift to the left.

supply will shift to the left.

demand and aggregate supply will be unaffected.

Reference no: EM131378527

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