A straight line falls when moving rightward along it. Hence the slope of the line is
A) negative.
B) positive.
C) zero because it is a straight line.
D) undefined.
E) perhaps positive, negative, or zero, but without more information it is impossible to determine.
A
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The primary benefit to the macroeconomy of increasing government spending is a(n)
a. decrease in the price level. b. decrease in real GDP. c. increase in the price level. d. decrease in the unemployment rate.
Suppose that U.S. tastes for British goods increase. Then, in Figure 9-3
a. the supply curve shifts from S1 to S2 b. the supply curve shifts from S2 to S1 c. the demand curve shifts from D2 to D1 d. the demand curve shifts from D1 to D2 e. both demand and supply shift to the right
What does the aggregate demand curve show? What factors change and what factors remain the same when there is a movement along the aggregate demand curve?
What will be an ideal response?
For a monopolistically competitive firm, price equals average revenue
Indicate whether the statement is true or false