An aggregate demand curve
A) shifts to the right when the price level increases and to the left when the price level falls.
B) shifts to the right when population decreases and shifts to the left when population increases.
C) does not shift, unlike individual or market demand curves.
D) shifts to the right when any non-price-level factor increases total planned real spending.
D
You might also like to view...
Suppose consumer cannot taste the difference between Miller Lite and Bud Light, but Miller Lite is sold in 12 ounce cans while Bud Light is sold in 8 ounce cans. In a graph with cans of Miller Lite on the horizontal and cans of Bud Light on the vertical axis, which of the following is the correct slope for this consumer's indifference curves:
A.
B.
C.
D.
In the national income accounts, investment includes: a. expenditures on durable consumer goods. b. government construction of a new dam
c. additions to business inventories. d. purchases of used machinery by businesses.
Trade between industrial countries account for the majority of international trade
a. True b. False Indicate whether the statement is true or false
Legislation considered by Congress to restrict legal immigration would:
a. have little effect on medical markets since so few physicians practicing medicine in the U.S. are foreigners. b. raise the costs of operating in many of the nation's rural and inner-city hospitals. c. allow more Americans trained abroad to compete for openings in U.S. residency programs. d. surprise many policy makers because Congress finds it difficult to agree on much of anything regarding immigration. e. improve employment prospects for native-born Americans.