A decrease in the price level in an economy is likely to cause a:
a. decrease in the real value of dollar-denominated assets.
b. downward shift of the aggregate expenditure line
c. decrease in the equilibrium level of output demanded.
d. downward movement along the aggregate demand curve.
e. leftward shift of the aggregate demand curve.
d
Economics
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Refer to Figure 5-4. What does S2 represent?
A) the market supply curve that reflects external cost B) the market supply curve that reflects social benefit C) the market supply curve that reflect private cost D) the market supply curve that reflects social cost
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A public good is a good that is both rival and excludable
Indicate whether the statement is true or false
Economics