Figure 10-4
In Figure 10-4, if full employment occurs at an output level of 4,000 and the economy is currently at an output level of 5,000 then we can expect a(n)
a.
increase in autonomous consumer spending that shifts the aggregate demand curve to the left.
b.
increase in wages that will shift the aggregate supply curve to the left.
c.
decrease in investment spending that shifts the aggregate demand curve to the left.
d.
decrease in wages that will shift the aggregate supply curve to the left.
b
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________ is defined in U.S. law as selling a product in a foreign country at a price that is less than fair value
A) Subsidizing B) Countervailing C) Exporting D) Dumping
Which of the following assets yields a 0 percent return?
A) U.S. Treasury Bills B) Excess reserves C) Deposits with correspondent banks D) Municipal bonds
Productivity, or output per labor hour, rises as transportation costs fall
Indicate whether the statement is true or false
A shift from AD1 shifts to AD2 would be consistent with what economic event in U.S. history?
Refer to the figure above.
A. Demand-pull inflation in the late 1960s
B. Cost-push inflation in the mid-1970s
C. Full-employment in the late 1990s
D. Recession in 2007-09