When the price level in the United States rises,
a. there is an increased demand for credit (or borrowed money)
b. producers' demand for new machinery increases, contributing to an increase in aggregate demand
c. Americans tend to buy more foreign goods and services
d. the French, Canadians, and Japanese find our exports more attractive
e. to maintain the value of your real wealth holding, you save less
C
You might also like to view...
The old adage "rules are made to be broken" would typically be associated with economists who might advocate ________
A) stabilization policy B) monetary policy C) rule-determined policy D) discretionary policy E) fiscal policy
In a competitive market, the market demand is Qd = 60 - 6P and the market supply is Qs = 4P. A price floor of $9 will result in a
A. shortage of 12 units. B. surplus of 12 units. C. shortage of 30 units. D. surplus of 30 units.
The real deficit is the nominal deficit adjusted for inflation's effect on existing debt.
Answer the following statement true (T) or false (F)
The reason that Blu-ray movies cost more money immediately after they are released than they do six months later is due to price discrimination.
Answer the following statement true (T) or false (F)