Which of the following would shift the aggregate demand curve to the left?
a. increases in government purchases, investment spending, autonomous consumption, taxes or the money supply
b. decreases in government purchases, investment spending, autonomous consumption, or the money supply
c. increases in government purchases, investment spending, autonomous consumption or the money supply
d. decreases in government purchases, investment spending, autonomous consumption, taxes or an increase in the money supply
e. only increases in government purchases
B
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According to the text, the main reason for people to hold money is
A) because they are irrational. B) to use it for different reasons. C) to tell other people how rich they are. D) to enjoy looking at the pictures of past leaders.
A health club requires six-months advanced payment. A commuter railroad offers discounted monthly tickets. What do they clearly have in common?
A) They are earning profits. B) They are selling short. C) They are exploiting customers. D) They are facing financial problems.
Demand is based on:
a. desires, regardless of ability to pay. b. needs and wants, and the ability to pay. c. what supplies can provide. d. government calculations.
A newspaper headline reads: "Fed Raises Discount Rate for Third Time This Year." This headline indicates that the Federal Reserve is most likely trying to:
A. Stimulate the economy B. Increase the money supply C. Reduce the cost of credit D. Reduce inflationary pressures in the economy