When the U.S. price level increases, economists predict a:

A. decrease in expenditure.
B. movement down along the aggregate demand curve.
C. shift to the right of the aggregate demand curve.
D. shift straight up of the aggregate demand curve.


Answer: A

Economics

You might also like to view...

In auctions, the winner always pays a price equal to the highest (his) bid

Indicate whether the statement is true or false

Economics

If a minimum wage law is passed imposing a price floor above the equilibrium price of unskilled labor and employers increasingly used efficiency wages, it would ___ structural unemployment and ____ the natural rate of unemployment: a. Increase; increase

b. Increase; not change. c. Not change, increase. d. Do none of the above.

Economics

Given the data provided in the table below, what will the amount of profit be for production at quantity (Q) level 7?



a. -$10.00
b. $0.00
c. -$5.00
d. $1.00

Economics

Unrestrained monopolies are criticized because they restrict output and reduce innovation

a. True b. False Indicate whether the statement is true or false

Economics