Author Question: The aggregate demand curve shows that, if other factors are held constant, a A) higher price ... (Read 55 times)

codyclark · **on:** Jun 29, 2018

The aggregate demand curve shows that, if other factors are held constant, a

A) higher price level results in a decrease in the quantity of real GDP demanded.
B) higher price level results in an increase in the quantity of real GDP demanded.
C) higher price level results in a lower interest rate.
D) lower price level results in a higher interest rate.

Question 2

The Board of Governors of the Federal Reserve System does NOT

A) consist of seven members with fourteen-year terms.
B) include the presidents of the twelve Federal Reserve Banks.
C) utilize a system of rotations so that a position comes open every two years.
D) consist of members whose appointments have been approved by the Senate.