In 2011, what percent of adults in the U.S. were college graduates or higher?

An import quota on a product normally does all of the following except

a. reduces the volume of that product traded. b. raises the price in the importing country. c. increases the price everywhere. d. reduces the price in the exporting country.

A higher price level leads to

A. lower real wealth. B. higher level of debt. C. a higher consumption function. D. higher aggregate demand.