Which of the following statements is false?
A) Aggregate demand is a specific dollar amount, such as $400 billion.
B) At a given price level, anything that changes total expenditures changes aggregate demand.
C) Total expenditures rises if consumption rises, ceteris paribus.
D) Total expenditures rises if investment spending rises, ceteris paribus.
A
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Young drivers often buy used cars. An increase in the legal driving age to twenty-one shifts the demand curve for used cars leftward, whereas lowering the age to fifteen shifts the demand curve rightward
Indicate whether the statement is true or false
Information products (e.g., software)
A) have relatively high fixed costs but low marginal and average variable costs. B) have relatively low fixed costs but high marginal and average variable costs. C) have relatively high fixed costs and relatively high marginal and average variable costs. D) have relatively low fixed costs and relatively low marginal and average variable costs.