Which of the following cause the aggregate demand curve to slope downward and to the right?
A. the demand-shock effect
B. military expenditures of the government
C. the prices of key goods
D. the interest rate effect
Answer: D
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A clause in a mortgage loan contract requiring the borrower to purchase homeowner's insurance is an example of a
A) proscriptive covenant. B) prescriptive covenant. C) restrictive covenant. D) constraint-imposed covenant.
A higher domestic price level lowers aggregate expenditures and, therefore, shifts the aggregate demand curve to the left
a. True b. False Indicate whether the statement is true or false
The major protection against sudden mass attempt to withdraw cash from banks is the:
a. Federal Reserve. b. deposit insurance provided by the FDIC. c. gold and silver backing the dollar. d. Consumer Protection Act.
Making effective monetary policy for the euro zone should be a relatively easy task for the European Central Bank (ECB) since the euro member countries are very similar.
Answer the following statement true (T) or false (F)