A fall in the price level will:
a. cause an upward movement upward along the aggregate demand curve.
b. cause a downward movement along the aggregate demand curve
c. cause a leftward shift of the aggregate demand curve.
d. cause a rightward shift of the aggregate demand curve.
e. have no impact on the aggregate demand curve.
b
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Which of the following statements is true?
A) Proximate causes of prosperity are shaped by fundamental causes of prosperity. B) Proximate causes of prosperity are effective only in the short run. C) Fundamental causes of prosperity are effective only in the short run. D) Fundamental causes of prosperity are shaped by proximate causes of prosperity.
Microeconomics includes the study of
A) how countries decide to fund their budget deficits. B) the choices that individuals and businesses make. C) how a nation promotes economic growth. D) the effect on the national economy of the choices that individuals make. E) the overall amount of production within the economy.
Capital flows between countries are smaller than in past decades in absolute terms
Indicate whether the statement is true or false
If the interest rate increases from 3 percent to 4 percent, other things constant, individuals will want to
a. save and borrow more b. save and borrow less c. save more and borrow less d. save less and borrow more e. borrow more but save the same amount