_____ constraints refer to your limited ability to process valuable information
a. Ethical
b. Informational
c. Physical
d. Psychological
D
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Which of the following is a reason why decreases in the price level result in a rise in aggregate expenditure?
A) Price level decreases cause firms and consumers to hold less money, which lowers the interest rate. Lower interest rates raise consumption and planned investment expenditures, which raises aggregate expenditure. B) As the price level falls, government spending rises, which raises aggregate expenditure. C) Price level decreases in the United States relative to other countries' lower net exports, which raises aggregate expenditure. D) Price level decreases reduce real wealth, which causes consumption spending and aggregate expenditure to rise.
When the LM curve is vertically sloped, the __________ in income due to a change in the money supply will be __________ when the LM curve is positively sloped, but not vertical
A) decrease; greater B) decrease; smaller C) increase; greater D) increase; smaller
"Government should impose stricter regulations on oil drilling" is an example of a
A) normative statement. B) positive statement. C) negative statement. D) normal statement.
Some people working in the underground economy could be counted in labor statistics as unemployed, while others may be counted as not in the labor force
a. True b. False Indicate whether the statement is true or false