In an aggregate demand and aggregate supply graph, an expansionary fiscal policy can be illustrated by a:
a. Leftward shift in the aggregate demand curve
b. Change in the price level
c. Leftward shift in the aggregate supply curve
d. Rightward shift in the aggregate demand curve
d. Rightward shift in the aggregate demand curve
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"Ceteris paribus" refers to the idea that if more than two variables are graphed, only one variable must be held constant
Indicate whether the statement is true or false
The owner of Speedee Copy Center calculates that purchasing a new $13,000 color copier would return $1800 a year after payment of all expenses besides interest payments on borrowing $13,000
What is the maximum interest rate that makes purchasing the copier profitable? A) 13.84 percent. B) 7.22 percent. C) 8.62 percent. D) 12.16 percent.
Which of the following is a possible reason for governments to regulate business operations?
a. To increase monopoly profits b. To reduce the amount of information consumers have about a product c. To increase negative externalities d. To promote competitive behavior e. To decrease positive externalities
If production of a good creates negative externalities, then the market
a. will under produce it b. will over produce it c. must be perfectly competitive d. must be constrained by barriers to entry e. will produce the most efficient quantity