In the Classical model, the price level is determined by
A) aggregate supply.
B) the level of output.
C) the Cambridge k.
D) aggregate demand.
D
Economics
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If the United States lifts the embargo on Cuban products, what will happen in the U.S. market for Cuban cigars?
A) The supply curve will shift to the right. B) The supply curve will shift to the left. C) The demand curve will shift to the left. D) The demand curve will shift to the right.
Economics
If an increase in income leads to a decrease in the demand for salami, then salami is
A) an inferior good. B) a neutral good. C) a necessity. D) a normal good.
Economics