A decrease in the price level in an economy will _____.

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