An increase in foreign real income would shift the:
A) aggregate demand curve rightward.
B) aggregate demand curve leftward.
C) aggregate supply curve rightward.
D) aggregate supply curve leftward.
A
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If Congress instituted an investment tax credit, the demand for loanable funds would shift rightward
a. True b. False Indicate whether the statement is true or false
Excess demand for a specific foreign currency, such as the pound, implies a
A. Balance-of-payments surplus for the United States. B. Capital account deficit for the United States. C. Capital account surplus for the United States. D. Balance-of-payments deficit for the United States.
The supply of loanable funds comes from:
A. savings. B. taxes. C. investment. D. borrowers.
The Ricardian Equivalence proposition suggests that a tax increase that causes a budget surplus will
A) cause an increase in output. B) cause no change in output. C) cause a reduction in output. D) a reduction in consumption.