If some nonprice level determinant causes total spending to decrease, then the effect on aggregate demand will be a:
a. movement upward along the curve
b. movement downward along the curve.
c. shift to the left.
d. shift to the right.
c
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Refer to Table 2-8. What is Wilma's opportunity cost of making a statue?
A) 1/3 of a bench B) 6/7 of a statue C) 1/2 of a bench D) 3 benches
What is the difference between "shutting down temporarily" and "exiting the industry"?
What will be an ideal response?
The terms of trade (TOT) is defined as
A) (index of export prices)/(index of import prices). B) (home-country currency)/(foreign-country currency). C) . D) E) having a competitive advantage over other nations.
Which one of the following is a tool of monetary policy for altering the reserves of commercial banks?
a. Issuing currency b. Acting as the fiscal agent for the Federal government c. Check collection d. Open-market operations