According to Keynesian theory, if equilibrium real GDP is below the full-employment level, then an increase in aggregate demand will result in which of the following changes in equilibrium?
a. Real GDP will rise, but the price level will remain constant.
b. Real GDP and the price level will both rise.
c. Real GDP will remain unchanged but the price level will rise.
d. None of the above.
a
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The price of movie tickets in a town has risen from $7 to $9. What is the most likely effect of the change in price?
a) The demand curve for movie tickets will move right b) The quantity demanded of movie tickets will increase c) The demand curve for movie tickets will move left d) The quantity demanded of movie tickets will decreade
The exchange of secondhand securities
a. takes place in an oligopolistic market b. does not provide funds to the firm that issued those securities c. includes the initial sale when securities are issued by a firm d. involves very few institutional investors e. lowers the liquidity of the securities