An increase in expected future income will:
A. increase aggregate supply.
B. decrease aggregate demand and aggregate supply.
C. increase aggregate demand and aggregate supply.
D. increase aggregate demand.
Answer: D
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A financial market in which previously issued securities can be resold is called a ________ market
A) primary B) secondary C) tertiary D) used securities
Which of the following would shift the aggregate demand curve to the right?
A) an increase in government spending B) an increase in taxes C) an increase in interest rates D) an increase in input prices
Economic progress comes primarily through
a. imposition of trade barriers. b. entrepreneurial action directed by competitive markets. c. government investment in heavy industry. d. central planning.
________: the rate of substitution or trade-off between two inputs in the production of a specific product
Fill in the blank(s) with correct word