A movement along the AE curve arises from a change in ________, and a movement along the AD curve arises from a change in ________
A) the price level; the price level
B) real GDP; investment
C) real GDP; the price level
D) the price level; investment
E) investment; the price level
C
You might also like to view...
The Knights of Labor was
A) a craft union that tried to restrict immigration into the United States. B) an organization of skilled labor that tried to increase technical training after the German model. C) an organization of both unskilled and skilled workers that pushed for an eight-hour workday and equal pay for men and women. D) an industrial union composed of military personnel that tried to improve military life.
Assume that California Merlot is a normal good. Prices of California Merlot have risen steadily in recent years. Over this same period, prices for French oak barrels used for wine storage have dropped and consumer incomes have risen. Which of the
following best explains the rising prices of California Merlots? A) The supply curve for Merlot has shifted to the right while the demand curve for Merlot has shifted to the left. B) The demand curve for Merlot has shifted to the right more than the supply curve has shifted to the right. C) The demand curve and the supply curve for Merlot have both shifted to the left. D) The supply curve for Merlot has shifted to the right more than the demand curve has shifted to the right.