Answer the following questions true (T) or false (F)
1. An increase in exports decreases aggregate demand.
2. An increase in disposable income will shift the aggregate demand curve to the right.
3. An increase in the price level causes a movement down the aggregate demand curve.
1. FALSE
2. TRUE
3. FALSE
Economics
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Given that you observe nothing but the high price of the product, you are more likely to infer that
a. The product is low quality b. The product is high quality c. The product is the lowest quality possible d. The product is defective
Economics
Pure monopoly is not studied because of its descriptive realism, but because it is a stepping stone toward more realistic models
a. True b. False Indicate whether the statement is true or false
Economics