How does a rise in real income affect aggregate demand?
A) Y ? implies Yd ? implies Im ? implies CA ? implies AD ?, but Y ? implies Yd ? implies C ? implies AD ? by more.
B) Y ? implies Yd ? implies Im ? implies CA ? implies AD ?, but Y ? implies Yd ? implies C ? implies AD ? by more.
C) Y ? implies Yd ? implies Im ? implies CA ? implies AD ?, and Y ? implies Yd ? implies C ? implies AD ?.
D) Y ? implies Yd ? implies Im ? implies CA ? implies AD ?, but Y ? implies Yd ? implies C ? implies AD ? by less.
E) Y ? implies Yd ? implies Im ? implies CA ? implies AD ?, but Y ? implies Yd ? implies C ? implies AD ? by less.
A
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Which of the following statements is true?
A. Economic models are sometimes good for explaining one set of events and poor for explaining other sets of events. B. A model that has correctly predicted events for the past several years will not be wrong in the future. C. Economic models are either right or they are wrong. D. An economic model that is not always true is not useful and should not be used.
________ passed the world's first anti-corruption law.
A) The United States B) The European Union C) Canada D) Brazil
If the prices of inputs changes, what will happen to the aggregate supply curve?
a. It does not move but the economy moves along the curve. b. It depends on whether the input prices rise or fall. c. The curve will become flatter or steeper depending on whether the input prices rise or fall. d. It shifts inward or outward depending on whether the input prices rise or fall.
The United States and North Korea don't trade with each other. A decrease in the price level in North Korea
A. decreases the price level in the United States. B. increases the price level in the United States. C. does not affect the price level in the United States. D. at first decreases the price level in the United States, then eventually increases it.