Which of the following variables will shift the classical aggregate demand curve?
a. An increase in government spending
b. A decrease in taxes
c. An increase in autonomous investment expenditures
d. An increase in the money stock
e. All of the above
D
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Suppose you have money to lend, but will do so only if you are compensated for the risk of default. If you set a high interest rate on your loan, a likely consequence is that ________
A) safe borrowers will look elsewhere, and only risky borrowers will find your terms attractive B) risky borrowers will look elsewhere, so your money is more likely to go to a safe borrower C) competition from other lenders will force you to lower your interest rate D) you will be prosecuted for predatory lending
Which one of the following economic activities was NOT generally undertaken in New England in the colonial period?
(a) Fishing (b) Farming (c) Tobacco production (d) Shipbuilding
Which of the following workers would be most likely to work fewer hours as a result of a wage increase?
A. Farm worker B. Surgeon C. Lifeguard D. Bartender
The legally established value of a country's monetary unit in terms of another under the Bretton Woods system was called the
A) exchange rate. B) dirty float. C) special draw. D) par value.