A decrease in consumer spending can be expected to shift the:
A. Aggregate expenditures curve downward and the aggregate demand curve leftward
B. Aggregate expenditures curve upward and the aggregate demand curve leftward
C. Aggregate expenditures curve downward and the aggregate demand curve rightward
D. Aggregate expenditures curve upward and the aggregate demand curve rightward
A. Aggregate expenditures curve downward and the aggregate demand curve leftward
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In the long run, the entry of new firms into a competitive market is typically caused by
a. government regulation b. technological innovation c. inflation d. economic losses e. economic profit
If the U.S. government increased its spending by $100 billion and increased taxes by $100 billion, the net effect on Aggregate Demand would be:
a. Neutral (i.e., no change in aggregate demand). b. To increase aggregate demand. c. To decrease aggregate demand. d. To increase aggregate supply. e. To decrease aggregate supply.
The time it takes for Congress to deliberate over a specific fiscal policy action is an example of
A. A multiplier conflict. B. A design problem. C. A measurement problem. D. An implementation problem.
The largest merchandise exporting country is ______________.
Fill in the blank(s) with the appropriate word(s).