A decrease in the price level in an economy will _____
a. increase the real value of dollar-denominated assets
b. shift the aggregate expenditure line downward
c. decrease the equilibrium level of output demanded
d. cause an upward movement along the aggregate demand curve
e. shift the aggregate demand curve leftward
a
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In the long run, profit-maximizing monopolists facing a downward-sloping demand curve
A. may earn profits greater than their opportunity costs of capital. B. do not produce every possible unit of output for which marginal utility is greater than or equal to marginal cost. C. may or may not have lower costs than perfectly competitive firms in the same industry. D. All of these responses are correct.
Everything else equal, how will a decrease in the interest rate in Mexico affect Mexico's GDP?
What will be an ideal response?
Crowding in occurs when government spending improves business expectations about the future and leads to higher business investment spending
a. True b. False Indicate whether the statement is true or false
Positive statements:
A) imply value judgments must be made. B) are factual and can be tested. C) deal with what ought to be. D) are dealt with primarily in microeconomics.