A decrease in the price level
A) shifts the AD curve to the right.
B) shifts the AD curve to the left.
C) causes an upward movement along the existing AD curve.
D) causes a downward movement along the existing AD curve.
E) none of the above
D
You might also like to view...
The United States first became a creditor nation in the year _______.
Fill in the blank(s) with the appropriate word(s).
If demand is perfectly inelastic, the absolute value of the price elasticity of demand is
A) more than one. B) less than one. C) zero. D) equal to the absolute value of the slope of the demand curve.
The effect of a tariff
A) is negligible since it applies to firms outside the U.S. B) can lead to economies of scale for firms inside the U.S. C) can lead to a monopoly advantage for firms inside the U.S. since they become the sole suppliers inside the U.S. D) will be more beneficial to large firms than to small firms.
Labor unions create barriers to entry in certain work settings
a. True b. False Indicate whether the statement is true or false