Which of the Following Increases Aggregate Demand and Shifts the AD

question 298

Multiple Choice

Which of the following increases aggregate demand and shifts the AD curve rightward?

• A) an increase in the quantity of money and a resulting fall in the interest rate
• B) an increase in the exchange rate that makes imports less expensive
• C) a fall in the price level
• D) predictions of a recession that lead to expectations of lower future income

Understand the characteristics and assumptions underlying pure competition in market structures.

Identify the features of demand and marginal revenue curves for purely competitive firms.

Differentiate between various market structures (pure competition, monopolistic competition, oligopoly, and monopoly) based on their defining characteristics.

Analyze the implications of being a price taker in a purely competitive market on a firm's pricing and output decisions.

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Definitions:

Heterozygous

Having two different alleles of a gene, one inherited from each parent, resulting in genetic variation.

Hemophilia

A genetic disorder leading to impaired blood clotting, resulting from deficiency or dysfunction of clotting factors.

Punnett Square

A diagram used in genetics to predict the genotypic and phenotypic outcomes of a particular cross or breeding experiment.

Phenotypes

The observable characteristics or traits of an organism, resulting from the interaction of its genotype with the environment.