A decrease in the price level makes consumers feel wealthier, so they purchase more. This logic helps explain why the aggregate demand curve slopes downward

What was troubling about the 2001 recession?

A. That the unemployment rate peaked as high as it did. B. That it lasted longer than any other modern U.S. recession. C. That its causes have never been sufficiently determined. D. The unemployment rate remained high, even after the recession ended.

According to John Rawls, the fair distribution of income is the one that

A) makes the poorest person as well off as possible. B) makes the average person as well off as possible. C) results in equal income for all society members. D) is based on fair rules.