Refer to the graph below, which shows an aggregate demand. If the economy is at point C and the price level increases by 100, then the wealth, interest-rate, and foreign purchases effects will:
A. Move the economy to point A
B. Move the economy to point B
C. Move the economy to point D
D. Shift the AD curve to the left
A. Move the economy to point A
Economics
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If we can conclude that human life has a finite value, cost-benefit analysis can lead to solutions in which human life is worth less than the cost of a potential project
a. True b. False Indicate whether the statement is true or false
Economics
Suppose the Fed is successfully maintaining full employment in the economy. If businesses become pessimistic, we would predict ________.
A. the aggregate supply will shift to the left B. there will be a move upward along the investment demand curve C. the Fed will have to increase the money supply D. the unemployment rate will fall
Economics