Other things equal, an increase in the Z factors shifts
A. the AS curve to the left.
B. the AD curve to the right.
C. the AS curve to the right.
D. the AD curve to the left.
Answer: D
You might also like to view...
In the above figure, which wage rate yields the highest union employment?
A) W1 B) W2 C) W3 D) W2 - W1
Other things the same, an increase in the U.S. interest rate causes U.S. net capital outflow to
a. rise, so supply in the market for foreign-currency exchange shifts right. b. rise, so demand in the market for foreign-currency exchange shifts right. c. fall, so supply in the market for foreign-currency exchange shifts left. d. fall, so demand in the market for foreign-currency exchange shifts left.
The issuer of a bond is a lender
Indicate whether the statement is true or false
Use the following graph to answer the next question.
A shift from AD2 shifts to AD1 would be consistent with what economic event in U.S. history?
A. cost-push inflation in the mid-1970s B. Great Recession of 2007-2009 C. World War II in the 1940s D. demand-pull inflation in the late 1960s