A decrease in consumer spending can be expected to shift the:
A. Aggregate expenditures curve downward and the aggregate demand curve leftward
B. Aggregate expenditures curve upward and the aggregate demand curve leftward
C. Aggregate expenditures curve downward and the aggregate demand curve rightward
D. Aggregate expenditures curve upward and the aggregate demand curve rightward
A. Aggregate expenditures curve downward and the aggregate demand curve leftward
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Which of the following is an example of a consumption expenditure?
A) the purchase of a ticket to a New Orleans Saints game B) the salary paid to the mayor of Denver C) the construction of a new public library D) the purchase of a new fire truck
Price discrimination by sellers is usually observed only in situations where
A) low-price customers can easily resell to high-price customers. B) prices are set by competing monopolies. C) sellers are bigots. D) sellers can effectively identify customers by their demand for the product.