In the short run, the dominant effect of deficit reduction causes an
A. outward shift of the aggregate supply curve.
B. inward shift of the aggregate supply curve.
C. outward shift of the aggregate demand curve.
D. inward shift of the aggregate demand curve.
Answer: D
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A. from the demand side. B. from the supply side. C. from both the demand and supply side. D. purely random events.
Describe the difference between a primary credit discount rate and the secondary credit discount rate, including who can borrow at which rate and how such lending is managed by the Fed
What will be an ideal response?
Fixed cost increases when output rises
a. True b. False Indicate whether the statement is true or false
Evaluating normative statements involves values as well as facts
a. True b. False Indicate whether the statement is true or false