If the world price of a good is equal to its no-trade equilibrium price, the country will import more of the good from other nations

Expansionary policies are government policies that

A) decrease aggregate supply. B) increase aggregate demand. C) decrease aggregate demand. D) increase aggregate supply.

For normal goods which of the following explains why demand curves slope downward?

A) prices and income B) substitutes and complements C) resources and technology D) substitution effect and income effect