The aggregate demand curve
A. slopes upward.
B. slopes downward.
C. is horizontal.
D. is vertical.
Answer: B
You might also like to view...
According to the classical theory of international trade
A) only countries with low wages will export. B) only countries with high wages will import. C) countries with high wages will have higher relative prices of all goods. D) All the above are false.
If net taxes were lowered from $5,000 to $1,000 . the marginal propensity to consume is 0.75, and autonomous consumption spending is $10,000 . by how much would consumption increase?
a. $3,000 b. $1,250 c. $7,500 d. $3,750 e. $750
Which of the following is not a form of poverty assistance?
a. in-kind transfers b. cash assistance c. life-cycle wealth d. negative income taxes e. Medicaid
The most important determinant of the decisions to lend or borrow is the real rate of interest.
Answer the following statement true (T) or false (F)