If people's expectations about future income improve so they think their future income will be higher than previously believed, then the AD curve
A) will not shift, but potential GDP will increase.
B) will shift leftward because people will spend less now.
C) will shift rightward because people will increase spending now.
D) and the AS curve will both shift leftward because people will increase their saving.
E) will not change until income actually rises.
C
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A financial intermediary that has existed throughout recorded history.
Answer the following statement(s) true (T) or false (F)
The quantity of a good demanded in a given time period increases as the price falls, which is known as:
A. Say's Law. B. The law of ceteris paribus. C. The law of demand. D. The opportunity cost.
Which of the following is not an external determinant of organizational architecture?
A. Administrative control systems B. Government regulations C. Technology D. Markets
A perfectly competitive industry's short-run supply curve is best described as
A) the upward sloping portion of the industry's marginal cost curve. B) horizontal. C) perfectly inelastic. D) the horizontal summation of the individual firms' supply curves.