A change in which of the following will cause the aggregate demand curve to shift?
a) energy prices
b) productivity rates
c) consumer wealth
d) prices of inputs
e) prices of consumer goods
Ans: c) consumer wealth
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An increase in the average price level in a country will cause its domestic currency to depreciate
a. True b. False Indicate whether the statement is true or false
Ceteris paribus, if the Fed raises the discount rate, then:
A. The money multiplier decreases. B. The lending capacity of the banking system increases. C. Excess reserves decrease. D. The incentive to borrow reserves decreases.
Why do college graduates earn higher wages than non-graduates?
What will be an ideal response?
Refer to the graph below. When total revenue falls as output expands, marginal revenue is:
The following graph shows a total revenue curve for a monopolist.
A. Positive
B. Negative
C. Zero
D. Greater than demand at that output level