Which of the following would cause the aggregate demand curve to shift to the right?
a. An increase in the price level
b. A decrease in the price level
c. An increase in government purchases
d. An increase in taxes
e. An increase in the interest rate
C
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A monopoly is a firm that is the only seller of a good or service that does not have a close substitute
Indicate whether the statement is true or false
Economists report changes in unemployment in:
A. percentage points, not percentages. B. percentages, not percentage points. C. percentage points or percentages, interchangeably. D. nominal figures; they rarely use percentages or percentage point changes.
If the level of investment spending increases by $100 and the MPC in the economy is 0.8, then the cumulative spending increase after three rounds of spending is
a. $280. b. $260. c. $244. d. $220.
If the price of a good rises by 10% and the percentage decrease in the total amount consumers spend on the good is 10%, then the good is
A. unit elastic. B. inelastic. C. elastic. D. perfectly inelastic.