Increased investment in infrastructure will shift
A. Both aggregate supply and aggregate demand to the right.
B. The Phillips curve to the right.
C. Both the Phillips curve and aggregate demand to the left.
D. Aggregate supply to the right and aggregate demand to the left.
Answer: A
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Suppose the United States is in the midst of a recession. What will happen to the value of the mpi?
A) It will decrease. B) It will fall to zero. C) It will not change. D) It will increase.
The forces that determine the cost of production are largely independent of the forces that shape demand
a. True b. False
M2 money includes all but which one of the following?
a. Checkable deposits. b. Savings accounts. c. Large denomination time deposits. d. Money market deposit accounts. e. Money market mutual accounts.
Which of the following is part of Keynesian economic theory?
a. total output adjusts to aggregate expenditure b. the aggregate supply curve is horizontal c. businesses adjust their level of output to meet the demand for output d. All of these.