When a shift in the aggregate supply curve is caused by a change in the price level, the aggregate demand curve also shifts
Indicate whether the statement is true or false
F
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From 1981 till 1995, the ratio of revenue to GDP was around
A) 19.8%. B) 21.5%. C) 18%. D) 3.5%.
An individual would be most likely to increase the amount of money he wants to hold if
a. the price level declines b. the price level declines and the interest rate increases c. his real income increases d. the interest rate increases e. the interest rate and his real income decrease
About four out of five millionaires in the United States earned their money rather than inherited it
a. True b. False Indicate whether the statement is true or false
Refer to the figure below.________ inflation will eventually move the economy pictured in the diagram from short-run equilibrium at point ________ to long-run equilibrium at point ________.
A. Rising; A B. Falling; A; C C. Falling; B: C D. Rising; A; C