Multiple Choice
A rise in the price level
A) raises the buying power of money.
B) decreases the prices of exports.
C) lowers the buying power of money.
D) increases aggregate demand.
E) makes the aggregate demand curve steeper.
Correct Answer:

Verified
Correct Answer:
Verified
Q172: A deep recession hits the world economy,and
Q173: In reality,AD rarely _;however,the economy performs as
Q174: When cost-push inflation starts,real GDP _ and
Q175: It is profitable to hire more labor
Q176: The aggregate supply curve is<br>A)upward sloping.<br>B)downward sloping.<br>C)a
Q178: When the price level rises there is
Q179: To prevent demand-pull inflation,<br>A)firms must refuse to
Q180: Cost-push inflation can be started by<br>A)a decrease
Q181: In the late 1920s,the U.S.economy experienced a
Q182: A combination of recession and inflation is