Multiple Choice
A rise in the overall price level means that:
A) a given number of dollars won't buy as much in terms of real goods and services.
B) dollar-denominated assets have lost their value.
C) the cost of living has gone down.
D) None of these is true.
Correct Answer:
Verified
Correct Answer:
Verified
Q62: The aggregate supply curve shows the relationship
Q63: There is a general overall _ relationship
Q64: Fluctuations around the long-run aggregate supply curve:<br>A)are
Q65: The wealth effect:<br>A)explains the downward-sloping aggregate demand
Q67: In macroeconomics,the long run is determined by:<br>A)how
Q69: Short-run decisions refer to the:<br>A)hourly,daily,or weekly decisions
Q70: In general,it is easier to:<br>A)adjust final prices
Q98: In the macroeconomic model of aggregate supply
Q108: The long run result of the government
Q170: As the U.S. price level increases, expenditures