Changes in the interest rate help explain
a. only the slope of, not shifts of aggregate demand.
b. only shifts of, not the slope of aggregate demand.
c. both the slope of and shifts of aggregate demand.
d. neither the slope nor shifts of aggregate demand.
c
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If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible
A) explicit B) marginal C) opportunity D) implicit
Which of the following is not true for a firm in perfect competition?
A) Price equals average revenue. B) Average revenue is greater than marginal revenue. C) Marginal revenue equals the change in total revenue from selling one more unit. D) Profit equals total revenue minus total cost.
Suppose there has been an increase in investment. As a result, real GDP will ________ in the short run, and ________ in the long run
A) decrease; increase to its initial level B) increase; increase further C) increase; decrease to its initial value D) decrease; decrease further
Notes are debt securities which have a maturity period of:
a. 0-5 years. b. 10-15 years. c. 0-1 year. d. 10-20 years. e. 1-10 years.