A fall in price level will:
a. shift the aggregate demand curve to the right
b. shift the aggregate demand curve to the left
c. result in a movement upward along the aggregate demand curve
d. result in a movement downward along the aggregate demand curve
e. change the slope of the aggregate demand curve
Answer is d. result in a movement downward along the aggregate demand curve
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If Jacqueline is willing to accept $1 for a cupcake and Jameson is willing to pay $3 for a cupcake, and they negotiate a price of $2 for a cupcake, the cooperative surplus is
A) $1. B) $2. C) $3. D) $4.
The pollution emitted by a power plant is an example of a detrimental externality.
Answer the following statement true (T) or false (F)
The total money supply in the economy will not increase if you deposit $200 given to you on your birthday in your checking account, and the bank holds $100 of that money as vault cash, and loans out the other $100
Indicate whether the statement is true or false
Which of the following is a danger of high rates of inflation
What will be an ideal response?