Which of the following changes while moving along the aggregate demand curve?
A) future incomes of households
B) the price level
C) the amount of money in the economy
D) future profits from investment projects
B
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The opportunity cost of something is the nominal price paid for the product
Indicate whether the statement is true or false
Equilibrium in a competitive market results in the greatest amount of economic surplus from the production of a good or service
Indicate whether the statement is true or false
Bert put $75 into an account and one year later had $100 . What interest rate was paid on Bert's deposit?
a. 20 percent b. 25 percent c. 28 percent d. None of the above is correct.
Recently, the level of GDP has declined by $60 billion in an economy where the marginal propensity to consume is 0.75. Aggregate expenditures must have fallen by:
A. $45 billion B. $30 billion C. $15 billion D. $60 billion