A lower domestic price level raises aggregate expenditures and, therefore, shifts the aggregate demand curve to the right
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
Which of the following is an example of a horizontal merger?
a. the consolidation of marketing, processing and purchasing departments by Armour Meat Company b. the purchase of E.C. Knight Company by American Sugar Refining Company c. the purchase of Colorado silver mines by the Tiffany Jewelry Company d. Federal Steel Company's alliance with American Bridge Company
The consumption function has a negative slope
a. True b. False Indicate whether the statement is true or false
Figure 7.2
Refer to Figure 7.2. Assume that Ashley faces budget line AB with her $60 income. Then the opportunity cost to her of a book is:
A. one hamburger. B. two hamburgers. C. three hamburgers. D. four hamburgers.
A higher opportunity cost of producing a good increases the supply of that good.
a. true b. false