A decrease in the inflation target by the central bank would:
A. cause the dynamic aggregate demand curve to shift to the right.
B. cause the dynamic aggregate demand curve to shift to the left.
C. have no impact on the positioning of the dynamic aggregate demand curve.
D. be reflected by a movement down and along the existing dynamic aggregate demand curve.
Answer: B
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Which of the following statements is CORRECT?
A) When both demand and supply increase, the quantity decreases and the price might rise, fall, or remain the same. B) When both demand and supply increase, the price rises and the quantity might increase, decrease, or remain the same. C) When both demand and supply decrease, the quantity increases and the price might rise, fall, or remain the same. D) When both demand and supply decrease, the quantity decreases and the price might rise, fall, or remain the same.
In 2006, the European Union imposed antidumping duties of 10% to 16.5% on products imported from China. What were those products?
a. wooden pencils b. shirts c. shoes d. coated paper
Exhibit 1A-7 Straight line relationship
According to Exhibit 1A-7, the relationship between annual income and air-travel expenditures is:
A. direct. B. inverse. C. complex. D. independent.
The consumer-side deadweight loss from a per-unit tax in the goods market arises from solely from the fact that output falls under the tax.
Answer the following statement true (T) or false (F)