An increase in the expected price level
A) shifts the short-run aggregate supply curve up and to the left.
B) shifts the short-run aggregate supply curve down and to the right.
C) has no effect on the short-run aggregate supply curve.
D) results in a movement along the short-run aggregate supply curve, rather than a shift in the short-run aggregate supply curve.
A
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The World Trade Organization (WTO) is an international organization dedicated to erecting trade barriers between nations
Indicate whether the statement is true or false
As a person's wealth increases we would expect the demand for money to:
A. decrease. B. not change; money demand does not vary with wealth, only with income. C. increase dollar for dollar with wealth. D. increase but at a rate less than dollar for dollar.
The World Bank estimates that about ________ of the planet lives below $1.90 a day per person, and ________ lives on less than $3.10:
A. 13%; 50%. B. 35%; 50%. C. 1%; 35%. D. 13%; 35%.
A change in government spending and/or taxes as the result of legislation is called:
A. open market operations of the Federal Reserve. B. discretionary fiscal policy. C. balanced budget operations. D. discretionary monetary policy.