If the price level falls, what will happen to the aggregate supply curve?
A. It will shift outward.
B. It will shift inward.
C. Nothing.
D. It will get steeper.
E. It will get flatter.
Answer: C
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Which of the following statements is true of foreign aid?
A) In practice, much of foreign aid does not get invested in new technology or education. B) Foreign aid is regressive to development. C) Foreign aid is provided only by financial institutions such as the World Bank. D) Foreign aid is directly responsible for reducing corruption in developing nations.
If choice architects frame choices in terms of social norms people will:
A. behave with the majority. B. be unaffected by what the majority is doing. C. behave in the opposite way, because "going rogue" is celebrated in our culture. D. behave according to how they view that norm.
Reduced military spending shifts the aggregate demand curve to the left
a. True b. False Indicate whether the statement is true or false
The cross price elasticity of demand is measured by the
A) percentage change in the quantity demanded of one good divided by the percentage change in quantity demanded of another good. B) percentage change in the price of one good divided by the percentage change in price of another good. C) percentage change in the demand for one good divided by the percentage change in price of another good. D) percentage change in the price of one good divided by the percentage change in the demand for another good.