When the price level increases, aggregate planned expenditure decreases, which leads to
A) a rightward shift of the aggregate demand curve.
B) neither a movement along nor a shift of the aggregate demand curve.
C) a downward movement along the aggregate demand curve.
D) an upward movement along the aggregate demand curve.
E) a leftward shift of the aggregate demand curve.
D
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A town wants to build a new bridge. Construction firms will submit sealed bids
The town will award the contract to the firm that submits the lowest bid and will pay the firm the amount of the second lowest bid (that is, the town will conduct a second-price procurement auction). So, for example, if Firm A bids $8 million, Firm B bids $9 million, and Firm C bids $10 million then the city will award the contract to Firm A (it submitted the lowest bid) and pay Firm A $9 million (the amount of the second lowest bid). Suppose your firm is willing to build the bridge for a minimum of $9 million. a. Show that bidding $9 million is a better strategy than bidding some amount below $9 million— say, $7 million. b. Show that bidding $9 million is a better strategy than bidding some amount above $9 million—say, $11 million.
The ISO 9000 family of quality management and assurance procedures improve exchangeability by lowering the cost of obtaining information about the goods to be traded and the counterparties with whom individuals might trade
Indicate whether the statement is true or false