A movement upward along a given aggregate demand curve is equivalent to a(n) ________.
A. increase in aggregate supply
B. upward shift in the aggregate expenditures schedule
C. increase in aggregate demand
D. downward shift in the aggregate expenditures schedule
Answer: D
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You sign a contract to pay $1000 next year for the refrigerator you bought today. The rate of inflation is 10% and the real interest rate is 7%. Alternatively, you could pay $875 today. What should you do to save the most money?
What will be an ideal response?
If there is an unanticipated decrease in aggregate demand, which of the following is most likely to occur?
a. an increase in the price level b. a reduction in employment c. an increase in the growth rate of real GDP d. an increase in consumption
The three main crops of the nation from the end of the Civil War to the turn of the century (1900) were (1) ______, (2) __________; and (3) _________.
Fill in the blank(s) with the appropriate word(s).
The supply of U.S. dollars in the foreign exchange market originates from
A. Demand for U.S. dollars for speculative purposes. B. Demand by foreigners for U.S.-produced goods. C. American demand for imported goods. D. Foreign investments in America.