Which of the following would not cause a movement along the AD curve?
a. An increase in the price level.
b. A decrease in the price level.
c. A change in the interest rate caused by a change in the price level.
d. A change in autonomous consumption
e. Both a change in the interest rate caused by a change in the price level, and a change in autonomous consumption.
E
Economics
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Which of the following were invented centuries ago in China?
a. gunpowder b. the wheelbarrow c. printing with movable type d. all of the above
Economics
Refer to the figure below. Let ?X denote the price elasticity of demand at point X. Which of the following describes the relationship between ?A, ?B and ?C?
A. ?A > ?B > ?C B. ?A > ?C > ?B C. ?B > ?C > ?A D. ?C > ?B > ?A
Economics