When the price level increases, aggregate planned expenditure ________ and equilibrium real GDP ________. As a result, in the AS-AD model, the aggregate demand curve has a ________ slope
A) increases; decreases; negative
B) decreases; decreases; negative
C) decreases; increases; negative
D) increases; increases; positive
E) decreases; decreases; positive
B
Economics
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An externality is the
A. secondary effect on an action B. unintended consequence of an action C. effect of an action on people or things that were not involved in the action D. unknown consequence of an action on people or things who were primary parties in the action
Economics
When new firms enter the perfectly competitive Miami bagel market, the market
A) supply curve shifts leftward. B) supply curve does not change. C) demand curve shifts rightward. D) supply curve shifts rightward. E) demand curve shifts leftward.
Economics