Which of the following shifts aggregate demand to the left?
a. The price level rises.
b. Interest rates fall.
c. The dollar depreciates for some reason other than a change in the price level.
d. Stock prices fall for some reason other than a change in the price level.
d
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Which of the following is a desirable property of money?
a. Scarcity. b. Portability. c. Divisibility. d. All of these.
Which of the following is not a basic measure of macroeconomic performance?
A. Output growth B. Unemployment C. Public goods D. Inflation
If product prices decrease more than nominal wages decrease, then the real value of wages will increase.
Answer the following statement true (T) or false (F)
Suppose there is an increase in expected future output. This will cause which of the following to occur?
A) the IS curve to shift left in the current period B) the IS curve to shift right in the current period C) the LM curve to shift up in the current period D) the LM curve to shift down in the current period