The slope of the aggregate demand curve illustrates that as the price level rises,
A. real GDP demanded decreases.
B. real GDP demanded increases.
C. the aggregate demand curve shifts rightward.
D. the aggregate demand curve shifts leftward.
Answer: A
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If a firm is a monopsonistic hirer of labor:
a. its marginal expense for labor is greater than the market wage. b. its marginal expense for labor is equal to the market wage. c. its marginal expense for labor is less than the market wage. d. it is a price taker in the labor market.
The incentive to lend increases as the real rate of interest decreases
a. True b. False Indicate whether the statement is true or false
Why do economists view structural budget deficit as a good measure of the direction of the fiscal policy?
What will be an ideal response?
Which of the following would likely be studied in a macroeconomics course?
A) the unemployment rate B) total output in an economy C) the inflation rate D) all of the above