Which of the following will not cause the aggregate demand curve to shift?
a. an increase in government spending for interstate highways
b. an increase in the sales of exports resulting from a change in the exchange rate
c. a change in the price level
d. an increase in the purchase of capital goods caused by a change in expectations
e. a decrease in the construction of new houses caused by an increase in interest rates
C
You might also like to view...
The benefits of international trade are derived from trade in
A) tangible goods only. B) intangible goods only. C) goods but not services. D) services but not goods. E) anything of value.
If the average variable cost of a firm is falling, then the:
a. average fixed cost must be rising. b. marginal cost must be falling. c. marginal cost must be rising. d. marginal cost lies below the average variable cost. e. marginal cost lies above the average variable cost.
A firm's ______ shows the least-cost input combinations at all possible levels of output for fixed input prices.
A. cost function B. output expansion path C. isocost line D. efficient production frontier
Discuss the market for land in terms of supply, demand, and price.
What will be an ideal response?