When successfully implemented, contractionary fiscal policy will cause
A. a leftward shift of the aggregate demand curve.
B. a downward movement along the aggregate demand curve.
C. an upward movement along the aggregate demand curve.
D. a rightward shift of the aggregate demand curve.
Answer: A
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From the beginning of the Great Recession in December 2007 until September 2013, the average duration of unemployment in the United States averaged
A) 13.5 weeks. B) 22 weeks. C) 31.3 weeks. D) 41 weeks.
In the Keynesian model, liquidity preference refers to the
A) demand for capital. B) demand for consumer goods. C) demand for money. D) money supply.
Refer to the payoff matrix below. Which of the following is true for Best Lights?
A) They do not have a dominant strategy.
B) Their pure strategy is to set a Low Price.
C) They do not have a pure strategy.
D) Their pure strategy is to set a High Price.
A group of buyers and sellers with the potential to trade with each other is known as a(n)
a. trading bloc b. cartel c. market d. industry e. sector