A decrease in the nominal money supply would shift the:
A) aggregate demand curve rightward.
B) aggregate demand curve leftward.
C) aggregate supply curve rightward.
D) aggregate supply curve leftward.
B
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The excess of total credits over total debits in the current and private capital accounts is called the
A) BOP deficit. B) BOP surplus. C) official settlements account surplus. D) official settlements account deficit.
We can expect producers to pay:
A. None of these statements is true. B. more for land with lower productivity. C. less for land with higher productivity. D. less for land with lower productivity.
Most Americans agree that
A. a certain amount of income redistribution is called for. B. absolutely no income redistribution should be carried out. C. we need completely equal distribution of income.
________ involves the direct exchange of one good for another without the use of money
a. Comparative advantage b. Barter c. Economic growth d. International trade