The downward slope of the aggregate demand curve is based on logic that as the price level rises, consumption, investment, and net exports all fall
a. True
b. False
Indicate whether the statement is true or false
True
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What effect do protectionist policies have on the trade deficit?
One World View table titled "Union Membership" shows the unionization rates for several countries including the United States. The decline in the U.S. unionization rate is the result of
A. The decline in worldwide competition. B. A relative decline in service industries. C. The growth of large firms relative to small firms. D. A relative decline in manufacturing.
If the price of money is determined by supply and demand, what impact should a decrease in the supply of money (given steady money demand) have on the price of money and the rate of inflation?
What will be an ideal response?
Exchange rates change because of relative
A. Income, relative price, and relative interest rates of countries. B. Price changes but not relative interest rate changes. C. Interest rate changes but not relative income changes. D. Income changes but not relative price changes.