Which of the following examples, ceteris paribus, will cause a rightward shift in the aggregate demand curve for the United States?
a. The nation’s general price level decreases.
b. American consumers lose confidence in the economy.
c. American consumers take on higher levels of debt.
d. The nation’s population increases.
d. The nation’s population increases.
Economics
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Distinguish between "a change in demand" and "a change in quantity demanded." What are the causes of each type of change and how do we illustrate them graphically?
What will be an ideal response?
Economics
Suppose Joe Rich owns his own company and does not pay himself a salary. This means the salary he could have earned in alternative employment is considered an implicit cost for the firm
a. True b. False Indicate whether the statement is true or false
Economics