A decrease in the price level will
a. have no effect on aggregate demand
b. decrease aggregate demand
c. decrease aggregate expenditure
d. decrease the equilibrium level of national income
e. increase the equilibrium level of national income
E
Economics
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Cost-benefit analysis of international trade
A) is basically useless. B) is empirically intractable. C) focuses attention primarily on conflicts of interest within countries. D) focuses attention on conflicts of interest between countries. E) never leads to government intervention in international trade.
Economics
The notion that, following a devaluation, the BOT falls for a while before increasing is called a ________ effect
A) relative price B) elasticity C) J-curve D) pass-through
Economics