Which of the following is one explanation as to why the aggregate demand curve slopes downward?
A) Decreases in the price level raise the interest rate and increase consumption spending.
B) Decreases in the price level raise the interest rate and increase investment spending.
C) Decreases in the price level raise real wealth and increase consumption spending.
D) Decreases in the U.S. price level relative to the price level in other countries lower net exports.
C
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Which question is an illustration of a microeconomic question?
A. Is the volume of wine produced in one year dependent upon the price of wine? B. Does government spending influence interest rates in the economy? C. Is the purchasing power of the dollar higher or lower today than it was in 2008? D. Which economic system is better for consumers and firms?
Since the 1930s, out-of-pocket payments for health care have
A) declined from about 50 to 40 percent of total payments. B) declined from about 95 to 10 percent of total payments. C) declined from about 70 to 30 percent of total payments. D) not changed and remain at 70 percent of total payments.