A reduction in the price level will cause the aggregate demand curve to shift to the left

The "law" of demand can be best described by

A) people will buy things that they enjoy. B) if incomes rise, people will buy more. C) a rise in price will cause shortages. D) a fall in price will increase quantity demanded.

A small amount of international debt can become a heavy burden on a developing economy if

a. interest payments are a large percentage of export revenues b. a trade surplus develops c. the economy grows rapidly d. the country becomes more developed e. total borrowings exceed the $50 million level fixed by the IMF