An increase in the supply of bonds leads to an increase in aggregate demand.
a. true
b. false
Ans: b. false
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An increase in the price of an input will cause supply to increase
Indicate whether the statement is true or false
Which of the following statements is true?
A) Positive economics describes what people ought to do. B) Normative economics describes what people actually do. C) Positive economics generates objective descriptions that can be verified with data. D) Normative economics is free from value judgments, tastes, and preferences of economic agents.
An increase in the price level causes a ________ the IS curve and a ________ the aggregate demand curve
A) movement up along; movement down along B) shift to the right of; movement down along C) movement down along; movement down along D) shift to the left of; movement up along
When workers boycott a company because it does business with a firm whose employees are on strike, that is a
A) secondary boycott. B) primary boycott. C) strike. D) sympathy strike.