The downward sloping aggregate demand curve can be explained in part through the:
A. wealth effect.
B. negative relationship between the price level and net exports.
C. negative relationship between the price level and investment spending.
D. All of these are true.
D. All of these are true.
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A local bar provides free pretzels and peanuts. Once a week it even provides chicken wings for only ten cents each. It is
A) selling drinks below cost. B) selling pretzels, peanuts and wings below cost. C) unfairly competing against other local bars who are unable to do the same. D) almost certainly doing none of the above.
When you purchase a new surfboard you do so in the
A) factor market. B) input market. C) product market. D) resource market.
Bertha holds some of her savings as currency and coins placed in her sewing basket. This is an example of
A) precautionary demand for money. B) asset demand for money. C) transactions demand for money. D) wealth demand for money.
Refer to the information provided in Figure 33.2 below to answer the question(s) that follow.
Figure 33.2Refer to Figure 33.2. The theory of comparative advantage suggests that
A. the United States should export cars and import trucks. B. England should import trucks and export cars. C. the United States should export both trucks and cars. D. England should export both trucks and cars.