21.Theaggregatequantityofgoodsandservicesdemandedchangesasthepricelevelfallsbecause
a.realwealthfalls,interestratesrise,andthedollarappreciates.
b.realwealthfalls,interestratesrise,andthedollardepreciates.
c.realwealthrises,interestratesfall,andthedollarappreciates.
d.realwealthrises,interestratesfall,andthedollardepreciates.
22.Otherthingsthesame,anincreaseinthepricelevelmakesthedollarspeopleholdworth
a.more,sotheycanbuymore.
b.more,sotheycanbuyless.
c.less,sotheycanbuymore.
d.less,sotheycanbuyless.
23.Whenthepricelevelincreases,therealvalueofpeople’smoneyholdings
a.falls,sotheybuymore.
b.falls,sotheybuyless.
c.rises,sotheybuymore.
d.rises,sotheybuyless.
24.Otherthingsthesame,adecreaseinthepricelevelmakesthedollarspeopleholdworth
a.more,sotheycanbuymore.
b.more,sotheycanbuyless.
c.less,sotheycanbuymore.
d.less,sotheycanbuyless.
25.Otherthingsthesame,anincreaseinthepricelevelmakesconsumersfeel
a.lesswealthy,sothequantityofgoodsandservicesdemandedfalls.
b.lesswealthy,sothequantityofgoodsandservicesdemandedrises.
c.morewealthy,sothequantityofgoodsandservicesdemandedrises.
d.morewealthy,sothequantityofgoodsandservicesdemandedfalls.
26.Otherthingsthesame,adecreaseinthepricelevelmakesconsumersfeel
a.lesswealthy,sothequantityofgoodsandservicesdemandedfalls.
b.lesswealthy,sothequantityofgoodsandservicesdemandedrises.
c.morewealthy,sothequantityofgoodsandservicesdemandedrises.
d.morewealthy,sothequantityofgoodsandservicesdemandedfalls.
27.Peoplewillbuymoreifthepricelevel
a.risesbecauserisingpricesincreasetherealvalueofadollar.
b.risesbecauserisingpricesdecreasetherealvalueofadollar.
c.fallsbecausefallingpricesincreasetherealvalueofadollar.
d.fallsbecausefallingpricesdecreasetherealvalueofadollar.
28.Inthecontextofaggregatedemandandaggregatesupply,thewealtheffectreferstotheideathat,whenthepriceleveldecreases,therealwealthofhouseholds
a.increasesandasaresultconsumptionspendingincreases.Thiseffectcontributestothedownwardslopeoftheaggregate-demandcurve.
b.decreasesandasaresultconsumptionspendingincreases.Thiseffectcontributestotheupwardslopeoftheaggregate-supplycurve.
c.increasesandasaresulthouseholdsincreasetheirmoneyholdings;inturn,interestratesincreaseandinvestmentspendingdecreases.Thiseffectcontributestothedownwardslopeoftheaggregate-demandcurve.
d.decreasesandasaresulthouseholdsincreasetheirmoneyholdings;inturn,interestratesincreaseandinvestmentspendingdecreases.Thiseffectcontributestotheupwardslopeoftheaggregate-supplycurve.
29.Asthepricelevelrises
a.peoplewillwanttobuymorebonds,sotheinterestraterises.
b.peoplewillwanttobuyfewerbonds,sotheinterestratefalls.
c.peoplewillwanttobuymorebonds,sotheinterestratefalls.
d.peoplewillwanttobuyfewerbonds,sotheinterestraterises.
30.Asthepricelevelrises
a.peoplewillwanttoholdmoremoney,sotheinterestraterises.
b.peoplewillwanttoholdmoremoney,sotheinterestratefalls.
c.peoplewillwanttoholdlessmoney,sotheinterestratefalls.
d.peoplewillwanttoholdlessmoney,sotheinterestraterises.
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