A fall in the price level produces a ________ the aggregate demand curve
A) change in the slope of
B) movement downward along
C) leftward shift of
D) rightward shift of
E) movement upward along
B
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The amount of checkable deposits in an economy cannot exceed the amount of currency that the government has issued
a. True b. False Indicate whether the statement is true or false
Maggie is trying to convince her friend Hannah to spend the morning at the beach instead of studying economics. Maggie’s argument is that the beach is free so will not cost Hannah anything to go. Maggie even volunteers to drive. Maggie’s argument
a. is correct; it is free to go to the beach. b. is forgetting Hannah’s opportunity cost of not being able to study. c. assumes Hannah has to eat at home or the beach so it will not cost Hannah additional money. d. is forgetting sunk costs.