In the figure above, the shift in the aggregate demand curve from AD1 to AD2 could be result of
A) an increase in government expenditures on goods and services.
B) a decrease in the quantity of money.
C) a rise in the price level.
D) a fall in the price level.
E) an increase in taxes.
A
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The CPI is a measure of the:
A. average level of prices relative to prices in the base year. B. price of a specific good or service. C. rate of inflation. D. real wage.
Poverty is defined in two ways: the absolute concept of poverty and the relative concept of poverty
a. True b. False Indicate whether the statement is true or false
An increase in costs will:
a) Shift aggregate demand b) Shift aggregate supply c) Reduce the natural rate of unemployment d) Increase the productivity of employees
Cost curves shift if i. technology changes. ii. the prices of factors of production change. iii. productivity changes
A) only i B) i and iii C) only ii D) i and ii E) i, ii, and iii