Aggregate demand shifts left if
a. government purchases increase and shifts left if stock prices rise.
b. government purchases increase and shifts left if stock prices fall.
c. government purchases decrease and shifts left if stock prices rise.
d. government purchases decrease and shifts left is stock prices fall.
d
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According to the quantity theory of money demand
A) an increase in interest rates will cause the demand for money to fall. B) a decrease in interest rates will cause the demand for money to increase. C) interest rates have no effect on the demand for money. D) an increase in money will cause the demand for money to fall.
Expenditures by firms on new machines and buildings that are expected to yield a future stream of income is known as
A) consumer durable. B) consumption goods. C) fixed investment. D) inventory investment.
Net wealth is calculated by subtracting what from assets?
a. Capital b. Liabilities c. Interest d. Depreciation
Refer to Table 21.5:Table 21.5QTFCTVCTCAVCMC0 15--1 23 2 43 15 The total variable cost of 2 units of output in Table 21.5 is
A. $27. B. $15. C. $12. D. $8.