Author Question: A decrease in the price level in an economy is likely to cause a: a. decrease in the real value of ... (Read 70 times)

stevenposner · **on:** Jun 30, 2018

A decrease in the price level in an economy is likely to cause a:
a. decrease in the real value of dollar-denominated assets.
b. downward shift of the aggregate expenditure line.
c. decrease in the equilibrium level of output demanded.
d. downward movement along the aggregate demand curve.
e. leftward shift of the aggregate demand curve.

Question 2

Savings deposits and time deposits are not included in M1 because these are not held by the nonbanking public.
a. True
b. False
Indicate whether the statement is true or false