If a change in investment spending is due to a change in the price level, then the aggregate demand curve will shift

a. True
b. False

B

Economics

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Monetary policy decisions are made by the

A) Federal Open Market Committee. B) Federal Reserve Economic Committee. C) Congress of the United States. D) U.S. Mint. E) Council of Economic Advisors.

Economics

If a nation can produce a good or service at the lowest opportunity cost, then it

A) might export or import the good, depending on whether or not it has a comparative advantage in the production of the good. B) can sell the product at a lower price than other nations. C) will definitely import the good because it can beat other countries' prices. D) does not want to export the good because the low cost means it makes only a low profit. E) is best for the nation to not trade the good internationally.

Economics