When aggregate demand increases,
A) the price level is likely to rise as GDP rises.
B) the price level is likely to fall as GDP rises.
C) aggregate supply will shift to the right.
D) aggregate supply will shift to the left.
A
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An increase in the supply of bonds
A) raises the interest rate and increases equilibrium quantity of bonds. B) raises the interest rate and decreases equilibrium quantity of bonds. C) lowers the interest rate and decreases equilibrium quantity of bonds. D) lowers the interest rate and increases equilibrium quantity of bonds.
Technological advances that increase the skill requirements for many jobs will tend to
a. make it more challenging for individuals to migrate from low-paying jobs to high-paying jobs b. make it easier for individuals to migrate low-paying jobs to high-paying jobs c. have no impact on the ease of migrating from low-paying jobs to high-paying jobs d. contribute to a more equal distribution of income e. have no impact on the distribution of income