A higher domestic price level lowers aggregate expenditures and, therefore, shifts the aggregate demand curve to the left

The more risk averse someone is, the more they are willing to pay, past the _____________________, to insure against the uncertainty of loss

Fill in the blank(s) with the appropriate word(s).

Refer to above Table 2-2. What are the constant-dollar expenditures in years 1 and 2 at fixed year 1 prices?

A) $5.00, $7.80 B) $14.00, $14.60 C) $18.00, $18.60 D) $9.00, $10.80