A fall in the price of capital goods will shift the aggregate:
a. Supply curve leftward
b. Demand curve leftward
c. Supply curve rightward
d. Demand curve rightward
Answer: c. Supply curve rightward
You might also like to view...
According to Robert Gordon, what led to the decline in unemployment in the 1940s?
A) structural barriers to expanding output and employment disappeared once a sufficiently large increase in aggregate demand had taken place B) decline in unionization of the workforce C) President Truman moving away from the policies implemented by President Roosevelt D) the strengthening of property rights following the end of the New Deal
The basic human tendency to overvalue recent experience when trying to predict the future is called:
A. tulip mania. B. the leverage effect. C. herd instinct. D. the recency effect.
The chair of the Board of Governors regularly testifies to Congress about Fed policy
a. True b. False Indicate whether the statement is true or false
Law of demand
What will be an ideal response?