How does the aggregate demand curve reflect an increase in aggregate demand?
What will be an ideal response?
An increase in aggregate demand means that the aggregate demand curve shifts rightward.
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From 1981 to 2011, the unemployment rate in the United States
A) was always lower than the unemployment rate in Japan. B) almost always equaled the unemployment rate in Canada. C) generally rose while the unemployment rate in the Eurozone fell. D) was generally lower than the unemployment rate in the Eurozone. E) was usually higher than the unemployment rate in Canada.
Hyperinflation is defined as
A) an increase in the price level. B) rising but low inflation rates. C) very low inflation rates. D) very high inflation rates. E) declining inflation rates.
Between 2002 and 2014, employment a. declined in construction and manufacturing
b. declined in construction and increased in manufacturing. c. delclined in manufacturing and increased in construction. d. increased in construction and manufacturing.
Assume that Dusty has $30 in income, the price of a loaf of bread is $1.50, and the price of a jar of peanut butter is $3. Suppose that at the original income of $30, the price of a loaf of bread increased to $3 and the price of a jar of peanut butter decreased to $2. Dusty can buy a maximum of ________ loaves of bread or a maximum of ________ jars of peanut butter.
A. 20; 15 B. 15; 20 C. 15; 10 D. 10; 15