Short-run contractionary Fiscal Policy would result in
A. aggregate demand moving to the right.
B. aggregate demand moving to the left.
C. aggregate supply moving to the left.
D. aggregate supply moving to the right.
Answer: B
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Indicate whether the statement is true or false
According to the search model developed by Stigler, when there are search costs, sellers know that consumers are becoming acquainted with product quality, and consequently all sellers set the same quality. In contrast if there are no search costs, product quality differences can persist over time, even for identically priced products
Indicate whether the statement is true or false
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A. A downward-sloping demand curve B. An upward-sloping supply curve C. A downward-sloping supply curve D. An upward-sloping demand curve
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Indicate whether the statement is true or false