An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply.
B. increase in aggregate demand.
C. increase in short-run aggregate supply.
D. decrease in aggregate demand.
Answer: D
You might also like to view...
Assuming all else equal, if there is an increase in the real interest rate:
A) there will be an upward movement along the credit demand curve. B) there will be a downward movement along the credit demand curve. C) the credit demand curve shifts to the right. D) the credit demand curve shifts to the left.
Financial firms whose loans are often $100 or less operate in ________
A) the microcredit market B) the hedge fund industry C) the macrofinance market D) the credit union sector
Speculators profit by taking risks, while the actions of arbitrageurs involve no risk
a. True b. False
Which of the following is the best description of the U.S. tax system?
A. The U.S. tax system is consistently progressive. B. The federal income tax is regressive, but sales, property, and other taxes tend to be progressive. C. The federal income tax is progressive, but sales, property, and other taxes tend to be regressive. D. The U.S. tax system is consistently regressive.