An increase in investment and government purchases can be expected to shift the aggregate expenditures curve ________.
A. upward and the aggregate demand curve rightward
B. downward and the aggregate demand curve leftward
C. downward and the aggregate demand curve rightward
D. upward and the aggregate demand curve leftward
Answer: A
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Microeconomics helps explain economic fluctuations, why the economy shrinks and expands and why some of the economy's resources are idle
Indicate whether the statement is true or false
The above figure shows the apartment rental market in Bigtown. If the Bigtown Housing Authority imposes a rent ceiling of $1,000 per month, the ceiling will
A) help all renters. B) help some renters and hurt other renters. C) help all landlords. D) have no effect at all on the Bigtown rental market.
As a unit of account, money is used to
A) state prices of all goods and services. B) pay off future debts. C) hold purchasing power over time. D) exchange for goods and services.
Refer to the above figure. For which Lorenz curve does the richest 25 percent make 50 percent of the nation's money income?
A. A B. B C. C D. D