An increase in the price level in the United States will shift the aggregate expenditure line upward
Indicate whether the statement is true or false
FALSE
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Other things being constant, the only way to move along a given supply curve for a product is for
A) the product's relative price to change. B) the future relative price of related goods to change. C) the number of sellers to change. D) technological changes to occur.
For perfectly competitive firms, what is the relationship among market price (P), average revenue (AR), and marginal revenue (MR)?
a. P = AR = MR b. P > AR = MR c. P = AR > MR d. P = AR < MR e. P < AR = MR
Dumping occurs when a foreign country sells its products at prices: a. below their costs
b. below the prices for which they are sold in their domestic market. c. higher than the price for which it is sold in their domestic market. d. both (a) and (b)
Other things being equal, an increase in the rate of interest causes a(n):
A. upward movement along the demand for money curve. B. downward movement along the demand for money curve. C. rightward shift of the demand for money curve. D. leftward shift of the demand for money curve.