Only a change in the price level can cause a movement from one point to another point along a given aggregate demand curve
Indicate whether the statement is true or false
True
Economics
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Fresh orange juice and frozen orange juice are substitutes in production. The price of fresh orange juice rises. As a result, the equilibrium price of frozen orange juice ________ and the equilibrium quantity ________
A) rises; increases B) rises; decreases C) does not change; decreases D) falls; increases E) falls; decreases
Economics
As contrasted to the Keynesian view, mainstream economists believe that ________ than Keynesian economists believe
A) the real GDP growth rate is larger B) any crowding out effect is smaller C) the effects from fiscal stimulus are weaker D) potential GDP is less important E) the multiplier effect is larger
Economics