__________ would cause a leftward shift of the aggregate demand curve.
a. An increase in real wealth
b. An increase in expected income
c. A decrease in foreign income
d. An increase in the expected price level
e. A decrease in the value of the dollar
c. A decrease in foreign income
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If the Chinese government sets a price ceiling below the equilibrium price, the result will be to
A) increase total surplus. B) create deadweight loss. C) increase surplus and create deadweight loss. D) eliminate deadweight loss.
When the central banks of various countries intervene in the foreign exchange market to maintain an exchange rate, this type of exchange rate system is called a ________ exchange rate system
A) fixed B) flexible C) all of the above D) none of the above
Which firm did the Treasury allow to fail during the financial crisis?
A) J.P. Morgan B) Bear Stearns C) Lehman Brothers D) American International Group (AIG)
The conflict between the Vice President of Marketing and her sales staff arises because
a. the sales staff are unwilling to offer discounts b. the Vice President want to negotiate more aggressively c. the sales staff want to negotiate too aggressively d. the Vice President is more willing to offer discounts to make the sale