One reason the aggregate demand curve is downward sloping is because of the:
A. interest rate effect.
B. welfare effect.
C. price effect.
D. tariff effect.
Answer: A
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In 2011, Armenia had a real GDP of approximately $4.21 billion and a population of 2.98 million. In 2012, real GDP was $4.59 billion and population was 2.97 million. From 2011 to 2012, Armenia's standard of living ________
A) increased B) decreased C) did not change D) might have increased, decreased, or remained unchanged but more information is needed to determine which
According to the expectations theory of the term structure
A) when the yield curve is steeply upward sloping, short-term interest rates are expected to remain relatively stable in the future. B) when the yield curve is downward sloping, short-term interest rates are expected to remain relatively stable in the future. C) investors have strong preferences for short-term relative to long-term bonds, explaining why yield curves typically slope upward. D) yield curves should be equally likely to slope downward as slope upward.
The Federal Reserve district borders follow exclusively state borders
a. True b. False
An increase in aggregate demand will result in inflation
a. True b. False Indicate whether the statement is true or false