Which of the following would NOT shift the U.S. aggregate demand curve?
A) a change in income in Canada
B) a change in the quantity of capital in the United States
C) an expectation that inflation will be lower in the future
D) U.S. monetary and fiscal policy
B
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The argument that ________ receives strong support from the innovative policy response to the recent financial crisis
A) rules can be too rigid B) discretionary policies are vulnerable to the time-inconsistency problem C) money is the sole source of fluctuations in aggregate demand D) changes in policies can change the coefficients in macroeconometric models
When the price of a good is low, selling the good is profitable, and so the quantity supplied is large
a. True b. False Indicate whether the statement is true or false
The most important reason for why some people have higher income than others is ______.
Fill in the blank(s) with the appropriate word(s).
When a firm sets its price on the basis of the price being charged by other firms in the market, there is evidence that the firm has market power.
Answer the following statement true (T) or false (F)