An increase in the price level causes a ________ the IS curve and a ________ the aggregate demand curve
A) movement up along; movement down along
B) shift to the right of; movement down along
C) movement down along; movement down along
D) shift to the left of; movement up along
C
Economics
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In the Classical model, a decrease in saving will result in saving being __________ than investment which will cause the interest rate to __________
A) greater; rise B) greater; fall C) less; rise D) less; fall
Economics
The difference between a firms' profit-maximizing quantity and the quantity that minimizes average cost is called excess capacity
Indicate whether the statement is true or false
Economics