If some nonprice level determinant causes total spending to decrease, then the effect on aggregate demand will be a:
a. movement upward along the curve

The money supply is certain to increase if the Treasury finances expenditures by borrowing from the

A) Federal Reserve. B) banking system. C) non-bank financial system. D) general public.

The markup pricing technique involves determining the selling price of a good by adding a profit markup to minimum average cost. This would result in maximum profits only if

a. average cost were constant. b. the markup were zero. c. the markup varied with the elasticity of demand. d. demand were inelastic.