Which of the following is an effect of an increase in the price level in an economy?
a. The real value of dollar-denominated assets will increase
b. The aggregate expenditure line will shift upward.
c. The equilibrium real gross domestic product will decrease.
d. There will be downward movement along a particular aggregate demand curve.
e. The aggregate demand curve will shift rightward.
c
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The only way the standard of living of the average person in a country can increase is if ________ increases faster than ________
A) population; production B) population; income C) population; GDP per capita D) production; population
A bank has excess reserves of $10,000 and demand deposit liabilities of $100,000 when the required reserve ratio is 20 percent. If the reserve ratio is raised to 25 percent, the bank's excess reserves will be
A) -$5,000. B) -$1,000. C) $1,000. D) $5,000.
During the post-bellum period, growth in demand outpaced growth in supply, causing food prices to fall
Indicate whether the statement is true or false
National health care programs are not as effective as they could be because:
A. health care providers tend to have a low absentee rate. B. public health care clinics often run out of important drugs. C. doctors rarely diagnose below their knowledge frontier. D. many doctors in clinics do not have sufficient knowledge to properly diagnose patients.