An increase in aggregate demand in the long run will most likely result in:
What will be an ideal response?
an increase in the price level but no change in the output level.
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If the price of a good rises, then moving along a demand curve the percentage change in the quantity demanded will be
A) positive. B) negative. C) zero. D) either positive, negative, or zero depending on how the demand curve shifted. E) undefined.
In 1930, agriculture accounted for 10 percent of the U.S. GDP; in 2000, it accounted for only 5 percent of the GDP
Indicate whether the statement is true or false
Refer to the information provided in Figure 2.5 below to answer the question(s) that follow.
Figure 2.5Refer to Figure 2.5. For this economy to move from Point A to Point B, ________ additional OLED TVs could be produced when the production of LCD TVs is reduced by 30.
A. exactly 20 B. more than 20 C. fewer than 20 D. exactly 90
Requiring banks to use less leveraging is equivalent to:
A. Expanding the loan portfolio of banks B. Reducing the banks' reserve ratio C. Requiring a higher level of bank net worth D. Requiring banks to accept more deposits