If the aggregate demand curve shifts to the right,
A. the economy is in equilibrium.
B. people are willing to buy less real output at every price level.
C. people are willing to buy more real output at every price level.
D. people are willing to buy more real output at a lower price level.
C. people are willing to buy more real output at every price level.
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A fall in marginal utility reflects:
a. the water and diamond paradox. b. the law of supply. c. the principle of diminishing marginal utility. d. decreased consumption of a good. e. the fact that total utility must be declining.
Assume that the demand for money depends on the interest rate. A decrease in the money supply will cause
A. the interest rate to increase, the quantity demanded of money to decrease, and the velocity of money to decrease. B. the interest rate to increase, the quantity demanded of money to decrease, and the velocity of money to increase. C. the interest rate to decrease, the quantity demanded of money to increase, and the velocity of money to decrease. D. the interest rate to decrease, the quantity demanded of money to decrease, and the velocity of money to increase.
Explain what effect a reduction in the future expected interest rate will have on the IS curve and LM curve in the current period
What will be an ideal response?
In which market structures is there product differentiation?
A) perfect competition and monopolistic competition B) monopolistic competition and oligopoly C) oligopoly and monopoly D) perfect competition and monopoly