Which of the following will cause a downward movement along the aggregate demand curve?
a. An increase in the price level of all goods and services
b. A decrease in the price level of all goods and services
c. A technological improvement in the country
d. An increase in government spending
b
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The level of output (real GDP) that equals aggregate expenditure is called the ________ level of real GDP.
A. induced B. potential C. natural rate D. equilibrium
The function of money as a store of value diminishes if
A) money is no longer backed by gold. B) prices of goods and services increase. C) people begin to barter. D) interest rates increase.
Explain how changes in foreign income can impact real GDP in a country
What will be an ideal response?
________ bubble is driven entirely by unrealistic optimistic expectations
A) An irrational exuberance B) A credit-driven C) A stock D) A debt-driven