In the aggregate expenditures model, if aggregate expenditures (AE) are greater than GDP, then:

In 1986, an Apple IIe computer with 65 kilobytes of memory cost around $1,500. Today, a $1,500 iMac computer (also made by Apple) comes with 8 gigabytes of memory. This illustrates the potential for what kind of bias in CPI calculations?

A) outlet bias B) new product bias C) increase in quality bias D) substitution bias

The opportunity cost of holding money increases when: a. the interest rate rises

b. the interest rate falls. c. the price level falls. d. nominal GDP rises. e. nominal GDP falls.