The relationship between the level of prices and the total demand for all goods and services is known as
A) aggregate demand. B) market supply.
C) market demand. D) aggregate supply.
A
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For consumers, chocolate chip cookies and doughnuts are substitutes. So, an increase in the price of chocolate chip cookies will lead to a rightward shift in the demand curve for doughnuts
Indicate whether the statement is true or false
Monopoly has two key features, which are ________
A) barriers to entry and no close substitutes B) franchises and barriers to entry C) barriers to entry and close substitutes D) close substitutes and no barriers to entry
At the time monetary union in Europe began in 1999, which of the following countries declined to participate?
A) France B) United Kingdom C) Italy D) Germany
If the aggregate supply curve is upward sloping, then an increase in autonomous consumption leads to a(n)
A) increase in aggregate demand and a rise in the price level. B) decrease in aggregate demand and a rise in the price level. C) decrease in aggregate demand and a fall in the price level. D) no change in aggregate demand and no change in the price level.