If the long-run aggregate supply curve is vertical, factors that shift the aggregate demand curve to the left will increase the price level.
Answer the following statement true (T) or false (F)
False
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Everything else held constant, if disposable income increases by 200 and consumption expenditure increases by 150, the mpc is
A) 0. B) 0.15. C) 0.5. D) 0.75.
The price of dog collars has gone down, and all other variables have remained constant. This change can be shown graphically as a:
A. shift in the demand curve to the right. B. shift in the demand curve to the left. C. movement along the demand curve to the right. D. movement along the demand curve to the left.
Cooperation is easier to achieve in __________
Fill in the blank(s) with correct word
Ethel purchased a bag of groceries in 1970 for $8 . She purchased the same bag of groceries in 2006 for $25 . If the price index was 38.8 in 1970 and the price index was 180 in 2006, then what is the price of the 1970 bag of groceries in 2006 dollars?
a. $5.39 b. $25.00 c. $29.11 d. $37.11