The aggregate demand curve sloping downward can be explained in part through:
A. the wealth effect.
B. the negative relationship between the price level and government spending.
C. the positive relationship between the price level and net exports.
D. All of these are true.
A. the wealth effect.
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The social interest theory of regulation asserts that regulation
A) seeks an efficient use of resources. B) is aimed at keeping prices as low as possible. C) helps firms maximize economic profit. D) of a natural monopoly must be done using rate of return regulation. E) does not work for society as well as would allowing the firms freedom from regulation.
The kinked demand curve model explains pricing in monopoly markets
a. True b. False Indicate whether the statement is true or false
The largest portion of federal government revenues comes from
A. social insurance payroll taxes. B. corporate income taxes. C. the individual income tax. D. excise taxes.
Which statement is false?
A. The poverty rate was lower in 2009 than it was in 2000. B. The poverty rate for children under 18 is higher than the poverty rate for people over 65. C. The poverty rate today is higher than it was in 2006. D. The poverty rate for Hispanics is three times that of whites.