Changes in interest rates cause a shift in:
a. the aggregate demand curve
b. The aggregate supply curve
c. The investment demand curve
d. The production possibilities curve
a. the aggregate demand curve
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Which point shows where the United States economy would have a 100 percent unemployment rate?
A. Point B
B. Point C
C. Point D
D. Point E
Someone who committed the association-is-causation fallacy might conclude that
a. event B, which follows event A, was caused by the event A b. event B, which follows event A, was not necessarily caused by event A c. the simplest model is the best predictor d. what is true for the individual is also true for the group e. what is true for the individual is not necessarily true for the group
A player's strategy is a game plan when decisions are interdependent
a. True b. False
For an economy to experience both a recession and inflation at the same time
A. the aggregate demand curve must shift to the left. B. the aggregate supply curve must shift to the right. C. the aggregate supply curve must shift to the left. D. the aggregate demand curve must shift to the right.