Real wealth falls, interest rates rise, and the dollar appreciates as the price level
a) remains constant.
b) falls slightly.
c) rises.
d) falls substantially.
Answer: c) rises.
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Which of the following is a microeconomic issue?
A) Growth in the U.S. economy slowed. B) Increased federal government expenditures have lowered the unemployment rate. C) The inflation rate fell this year. D) The quantity of wheat grown in the United States increases this year. E) The U.S. government cuts taxes to combat a recession.
Refer to the Article Summary. The increase in GDP discussed in the article summary was due in part to increases in commercial and residential construction
Increases in commercial and residential construction will cause a(n) ________ the aggregate expenditure curve. A) movement down along B) downward shift of C) upward shift of D) movement up along