A contractionary fiscal policy shifts the aggregate demand curve of an economy to the left
a. True
b. False
Indicate whether the statement is true or false
True
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How does a fall in the money wage rate affect the aggregate supply curve?
What will be an ideal response?
Assume that Dakota's salary is $49,500, up from $45,000 last year, while the CPI is 198 this year, up from 180 last year. This means that Dakota's real income has ____________ since last year.
a. increased b. decreased c. stayed the same d. There is not enough information provided to answer this question.
Suppose that only one curve shifts. If you observe that the equilibrium price increased while the equilibrium quantity decreased, then the market experienced a/an:
A. decrease in supply. B. increase in demand C. increase in supply. D. decrease in demand.
The legal system in the United States tends
A) to support monopolies. B) to actively discourage unionization. C) to discourage the entry of new firms into industries. D) to promote competition.