_____ varies along a given aggregate demand curve.
a. The nominal interest rate in the domestic country
b. The exchange rate between the domestic currency and a foreign currency
c. The aggregate supply in a foreign country
d. The price level in the domestic country
e. The prices of resources used in production
Question 2
Which of the following is evidence of an ineffective cartel?
a. Output changes are dictated by changes in demand.
b. Price changes are dictated by changes in demand.
c. Members do not agree on output quotas.
d. All of these.
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