When the U.S. price level increases, we would expect a:
A. shift to the left of the aggregate demand curve.
B. shift to the right of the aggregate demand curve.
C. movement up along the aggregate demand curve.
D. movement downward along the aggregate demand curve.
Answer: C
You might also like to view...
In the equation GDP = C + I + G + F, in which F equals net export spending (i.e., total spending on exports minus total spending on imports), imports are subtracted from the other types of expenditures because:
A) imports reduce national welfare. B) other countries do not import goods from the U.S. C) it represents a flow of expenditures out of the domestic economy to the rest of the world. D) the value of imports is difficult to determine due to the fact that they are frequently stated in terms of foreign currency.
The period between ________ is commonly regarded by economists as a "golden age" of rapid productivity growth in the United States
A) 1898 and 1929 B) 1920 and 1940 C) 1933 and 1965 D) 1948 and 1973
Economy A: gross investment equals depreciation Economy B: depreciation exceeds gross investment Economy C: gross investment exceeds depreciation Refer to the above information. Positive net investment is occurring in:
a) economy A only. b) economy B only. c) economy C only. d) economies A and B only.
Exporters employ an export management company as part of an indirect exporting strategy.
a. true b. false