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Author Question: A higher domestic price level lowers aggregate expenditures and, therefore, shifts the aggregate ... (Read 94 times)

RYAN BANYAN

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on: Jun 30, 2018
A higher domestic price level lowers aggregate expenditures and, therefore, shifts the aggregate demand curve to the left.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is a statement of positive economics?
 a. Unemployment is a more severe problem in societies than inflation.
 b. Our current unemployment rate is a serious problem.
 c. If the overall unemployment rate is 6 percent, teenage unemployment rates will exceed 12 percent.
  d. An unemployment rate of 4 percent would be too low.


jaykayy05

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Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

c


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