Author Question: A lower domestic price level raises aggregate expenditures and, therefore, shifts the aggregate ... (Read 50 times)

sammy · **on:** Jun 30, 2018

A lower domestic price level raises aggregate expenditures and, therefore, shifts the aggregate demand curve to the right.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A microeconomist would most likely study the effect of a reduction in income tax rates on:
a. total output in the economy.
b. the output of the steel industry.
c. inflation.
d. unemployment.