ECON252_Practice_Exam_3A_-_Chapters_15-16_with_KEY_

Priceleveldemandformoneyequilibriuminterestratequantit

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Unformatted text preview: ease, which increases the quantity of goods and services demanded. b. increase, which decreases the quantity of goods and services demanded. c. decrease, which increases the quantity of goods and services demanded. d. decrease, which decreases the quantity of goods and services demanded. 21. Other things the same, an increase in the amount of capital firms wish to purchase would initially shift a. aggregate demand right. b. aggregate demand left. c. aggregate supply right. d. aggregate supply left. 22. Other things the same, when the price level rises, interest rates a. rise, so firms increase investment. b. rise, so firms decrease investment. c. fall, so firms increase investment. d. fall, so firms decrease investment. 23. Which of the following sequences best explains the negative slope of the aggregate‐demand curve? a. price level ‐ Þ demand for money ‐ Þ equilibrium interest rate ‐ Þ quantity of goods and services demanded ˉ...
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