An increase in the money supply
a. and an investment tax credit both cause aggregate demand to shift right.
b. and an investment tax credit both cause aggregate demand to shift left.
c. causes aggregate demand to shift right, while an investment tax credit causes aggregate demand to shift left.
d. causes aggregate demand to shift left, while an investment tax credit causes aggregate demand to shift right.
a
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Collusion refers to a situation where rival firms decide to
A. agree with each other to set prices and output. B. cheat on each other. C. compete aggressively against each other. D. combine their operations and merge with each other.
The relationship between the quantity of money balances demanded and the interest rate is
A) contractionary monetary policy. B) determined by open market operations. C) negative. D) the reserve requirements.
Refer to Table 9-12. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Morocco consume?
A) 60 B) 70 C) 90 D) 120
Between 1995 and 1998, Federal tax revenues from ________ increased sharply
A) the personal income tax B) the corporate profits tax C) social insurance taxes D) all of the above