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Title: A decrease in the price level in an economy will _____. Post by: cdidd86 on Feb 27, 2018 A decrease in the price level in an economy will _____.
a. shift the aggregate demand curve to the right b. shift the aggregate demand curve to the left c. increase the level of aggregate quantity demanded d. decrease the level of aggregate quantity demanded e. shift the aggregate expenditure line downward QUESTION 2 Savings accounts have specific maturity dates. a. True b. False Indicate whether the statement is true or false QUESTION 3 A decrease in the price level in an economy will _____. a. shift the aggregate expenditure line upward b. shift the aggregate expenditure line downward c. cause an upward movement along the aggregate expenditure line d. cause a downward movement along the aggregate expenditure line e. shift the aggregate demand curve leftward QUESTION 4 M1 includes currency held in bank vaults. a. True b. False Indicate whether the statement is true or false QUESTION 5 As the U.S. price level rises relative to price levels in other countries, U.S. _____. a. consumption and net exports will both decrease b. consumption and net exports will both increase c. consumption would increase and net exports will decrease d. consumption would decrease and net exports will increase e. consumption and net exports will remain constant QUESTION 6 M2 is the narrow measure of the money supply. a. True b. False Indicate whether the statement is true or false QUESTION 7 An increase in the U.S. price level, other things constant, will _____. a. increase U.S. exports and decrease U.S. imports b. increase U.S. exports and leave U.S. imports unchanged c. decrease U.S. exports and increase U.S. imports d. decrease U.S. exports and leave U.S. imports unchanged e. leave both U.S. exports and U.S. imports unchanged QUESTION 8 Currency held by the nonbanking public is a medium of exchange. a. True b. False Indicate whether the statement is true or false Title: A decrease in the price level in an economy will _____. Post by: Mulenga on Feb 27, 2018 |