When the U.S. price level increases, economists predict a:
A. movement down along the aggregate demand curve.
B. shift straight up of the aggregate demand curve.
C. shift to the right of the aggregate demand curve.
D. decrease in expenditure.
D. decrease in expenditure.
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The annual percentage rate of change in the price level is the:
A. cost of living. B. inflation rate. C. relative price. D. Fisher effect.
The wealth effect explains the:
A. downward-sloping aggregate demand curve. B. upward-sloping aggregate demand curve. C. downward-sloping aggregate supply curve. D. upward-sloping aggregate supply curve.
The opportunity cost of attending college is likely to include all except which of the following?
a. the cost of required textbooks b. tuition fees c. the income you forego in order to attend classes d. the cost of haircuts received during the school term
Other things constant, countries with higher investment rates will
What will be an ideal response?