When the price level rises, the quantity of real GDP demanded will _________
Fill in the blank(s) with the appropriate word(s).
decrease
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A premium death spiral occurs when healthy people leave an insurance pool, which causes premiums to increase, and that causes more people to leave the pool, which results in even higher premiums
Indicate whether the statement is true or false
Between 1960 and 1995, Social Security benefits:
A. increased, which increased the poverty rate among the elderly. B. decreased, helping reduce the poverty rate among the elderly. C. increased, helping reduce the poverty rate among the elderly. D. decreased, which increased the poverty rate among the elderly.
The money supply known as M2:
A. includes large denomination time deposits. B. excludes interest-earning checking accounts in savings and loans. C. does not include money market mutual accounts. D. includes savings accounts and small denomination time deposits.
A movement along a demand curve from one price-quantity combination to another is called a:
A. change in demand. B. change in quantity supplied. C. shift in the demand curve. D. change in quantity demanded.