If the price level increases, there is ________ the AD curve and the quantity of real GDP demanded ________
A) a movement upward along; increases
B) a leftward shift in; decreases
C) a movement downward along; increases
D) no change in; does not change
E) a movement upward along; decreases
E
You might also like to view...
According to the above figure, the maximum profit the monopolist can receive is
A) 0. B) $1,500 per day. C) $9,000 per day. D) $7,500 per day.
Table 11-1 Y = C + I + G C = 500 + 0.8(Y?T) I = 300 G = 700 T = 0.25Y Refer to Table 11-1. What is the level of tax revenues in this model?
A. 1,000 B. 950 C. 945.5 D. 937.5 E. 437.5
Refer to the above diagram. The highest price that buyers will be willing and able to pay for 100 units of this product is:
A. $60. B. $30. C. $40. D. $20.
An example of an industrial policy would be all except:
A. interest rate restrictions. B. trade barriers. C. tax breaks. D. subsidies.