Because of the slope of the aggregate demand curve, we can say that
A) a decrease in the price level leads to a lower level of real GDP demanded.
B) an increase in the price level leads to a higher level of real GDP demanded.
C) a decrease in the price level leads to a higher level of real GDP demanded.
D) an increase in the price level leads to no change in the level of real GDP demanded.
C
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If you want to purchase a new sports car in four years for $75,000, how much would you need to have in your bank account now, so after four years you will have $75,000 to buy the car? Assume your bank pays 6 percent interest
A) $51,226 B) $59,408 C) $60,484 D) $70,755
Which of the following statements is true?
A) An overvalued domestic currency encourages exports. B) A country can keep its currency overvalued against the dollar as long as its dollar reserves last. C) A country can keep its currency overvalued against the dollar as long as it can print its own currency. D) An undervalued domestic currency encourages imports.
The ________ equals the number of ________
A) labor force; persons over 16 years old B) labor force; unemployed and employed persons C) working age population; employed persons D) unemployment rate; people unemployed
Define the utility possibilities frontier. Explain what it means when society is inside the utility possibilities frontier. Explain what it means when society is on the utility possibilities frontier
Explain what determines the point that society arrives at on the utility possibilities frontier.