A change in ________ creates a movement along the aggregate demand curve but does not shift the aggregate demand curve
A) tax rates
B) the price level
C) fiscal policy
D) None of the above because they all shift the aggregate demand curve.
B
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According to your text, disagreements about the relative efficiency of particular projects are usually disagreements about
A) the best way to conserve energy. B) the best way to conserve non-renewable resources of all kinds. C) scientific facts or technical processes. D) the relative value of particular goods to different people. E) who is entitled to make money from one project or another.
If leisure is a normal good, then a decrease in income __________ the time allocated to __________
a. decreases; market work b. decreases; leisure c. decreases; nonmarket work d. increases; leisure e. increases; market work, nonmarket work, and leisure time