During a period of deflation the purchasing power of the dollar _____.
Fill in the blank(s) with the appropriate word(s).
rises
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Which of the following will shift the aggregate demand curve to the right?
A. Consumers become more optimistic about the future. B. Income taxes are raised. C. The government reduces purchases to balance the budget. D. Foreign economies fall into recession, reducing their demand for domestic exports.
The demand for a resource is derived from the consumer demand for the good or service produced by the resource
a. True b. False
Aggregate demand is the total demand for
a. all intermediate and final goods. b. all monetary investments. c. real and financial investments. d. all final goods and services.
The Constitution of the United States grants the power to "coin money and regulate the value thereof" (which is interpreted to mean the power to engage in monetary policy) to
A. the Federal Reserve. B. the President. C. the Treasury Department (through the U.S. Mint). D. Congress.