Identify the correct statement.
a. An increase in the price level in an economy will increase the real value of dollar-denominated assets.
b. An increase in the price level in an economy will shift the aggregate expenditure line upward
c. An increase in the price level in an economy will decrease the equilibrium level of output demanded.
d. An increase in the price level in an economy will cause an upward movement along the aggregate demand curve.
e. An increase in the price level in an economy will shift the aggregate demand curve rightward.
d
Economics
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A fair price for a regulated monopoly is for the regulatory commission to set price equal to
a. marginal cost b. marginal revenue c. economic profit d. average total cost e. normal profit
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Which of the following items is NOT a deficit item in the balance of payments?
A) imports of merchandise B) sales of domestic assets to foreigners C) purchases of gold from foreigners D) military spending abroad
Economics