Which of the following examples, ceteris paribus, will cause a rightward shift in the aggregate demand curve for the United States?
a. The nation’s general price level decreases.
b. American consumers lose confidence in the economy.
c. American consumers take on higher levels of debt.
d. The nation’s population increases.
d. The nation’s population increases.
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Which of the following would be most appropriate if the Federal Reserve wanted to increase the money supply in order to stimulate the economy?
a. Buy U.S. government securities. b. Force the Treasury to reduce the national debt. c. Raise the discount rate. d. Increase the reserve requirements.
The "War on Poverty" was declared by President Ronald Reagan in 1982
a. True b. False Indicate whether the statement is true or false
Suppose Ben owns a small company that makes kites. The market for kites is perfectly competitive, and kites sell for $25 each. Ben's total production costs vary depending on the number of kites he makes each day, as shown in the accompanying table.Number of kites Per DayTotal Cost Per Day ($)0100111021263148417252006235 What is Ben's economic profit at his profit-maximizing level of output?
A. ?$100 B. ?$73 C. ?$75 D. ?$72
Which of the following best describes a monetary policy tool?
A. interest rates B. taxes C. household savings D. government spending