A decline in the quantity of real output demanded along the aggregate demand curve is a result of a(n):
a. Decrease in the price level
b. Decrease in the level of income
c. Increase in the level of income
d. Increase in the price level
d. Increase in the price level
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When the price level goes up, the purchasing power of the dollar
A) varies directly with the value of the euro. B) remains constant. C) also increases. D) falls.
Investment, as defined by economists, would not include which of the following? Ford
A) adds 1,000 new cars to inventories. B) builds another assembly plant in the United States. C) buys a new robotic machine (from a plant in Ohio) to assemble cars. D) buys U.S. government bonds.
Briefly and concisely define the following terms: a. Price discrimination b. Tying contracts c. Concentration ratio d. Market power
What will be an ideal response?
Cory has just graduated from veterinary school. He can earn $40,000 working at a small animal clinic or $50,000 working with farm animals and horses where the risks of getting injured by an animal are higher. The higher salary to work with larger animals is an example of
a. a compensating differential. b. signaling theory. c. an efficiency wage. d. efficient union bargaining.