The aggregate demand curve has an upward slope due to the positive relationship between the price level and aggregate quantity demanded
a. True
b. False
Indicate whether the statement is true or false
False
You might also like to view...
The price level is:
A. a measure of overall prices at a particular point in time. B. the price of a specific good in comparison to the prices of other goods and services. C. the percentage change in a price index such as the CPI. D. the rate of inflation.
The self-correcting property of the economy means that output gaps are eventually eliminated by:
A. increasing or decreasing potential output. B. government policy. C. decreasing inflation only. D. increasing or decreasing inflation.
A subgame is a simultaneous game embedded in a sequential game
Indicate whether the statement is true or false
If you were going to issue bonds, would you prefer to be in a country where the average inflation rate is 3% inflation but fluctuates wildly, or in a country with a higher, 4% expected inflation rate that is stable (meaning it's always 4%). Explain.
What will be an ideal response?