A decrease in government spending shifts aggregate demand to the left.
Answer the following statement true (T) or false (F)
True
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According to a model of intergenerational equity, if future generations are expected to be better off than the current generation, transfers should
A. go from the richer generation to the poorer generation. B. not be done at all. C. go from the poorer generation to the richer generation. D. be weighted by increases in the inflation rate.
If you deposit $10,000 in a savings account at an annual interest rate of 6%, how much will you have in the account at the end of three years?
A) $8,396 B) $11,800 C) $11,910 D) $10,600
The output of U.S. citizens who work in Canada would be included in the
A) gross domestic product of Canada. B) gross national product of Canada. C) gross domestic product of the United States. D) gross national product of Canada and the gross national product of the United States.
Figure 11.6Referring to Figure 11.6, how much economic profit does the monopolistically competitive firm earn in long-run equilibrium?
What will be an ideal response?