As the aggregate price level in an economy rises, ______.
a. interest rates increase
b. consumer demand increases
c. exports decrease
d. investment increases
a. interest rates increase
Economics
You might also like to view...
If the market for labor is perfectly competitive, the profit maximizing level of labor occurs where
A) MRPL < W (the wage). B) MRPL = P (the output price). C) MRPL just exceeds W. D) MRPL = W. E) none of the above
Economics
How can a firm stay in business if it makes no economic profit in the long run?
What will be an ideal response?
Economics
The poverty line
A. is shifted downward from year-to-year. B. is constant. C. is raised from year-to-year. D. is tied to the unemployment rate.
Economics
How does the labor-leisure trade-off determine the supply of labor?
What will be an ideal response?
Economics