Which of the following will cause a decrease in aggregate demand?
a. Relative price increase of U.S. goods
b. Relative price decrease of U.S. goods
c. Decrease in taxes
d. Increase in income
a. Relative price increase of U.S. goods
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An inward shift of a nation's production possibilities frontier can occur due to
A) a natural disaster like a hurricane or bad earthquake. B) an increase in the labor force. C) a change in the amounts of one good desired. D) a reduction in unemployment.
Which of the following would probably not be considered a natural monopoly?
a. a municipal water company b. the local telephone industry c. the cable television industry d. natural gas and electric companies e. the automobile industry
A temporary price differential in resource markets is
a. eliminated by resource movements b. caused by a failure of firms to maximize profits c. eliminated by resources moving from highly-valued uses to lower-valued uses d. caused by Congress increasing the federal minimum wage e. a result of firms using the MRP = MRC rule in hiring resources
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a. payment float b. availability float c. net float d. cash in hand e. none of these