If investment spending increases by $1 million, then the aggregate demand curve shifts
A) rightward by less than $1 million.
B) leftward by more than $1 million.
C) rightward by more than $1 million.
D) rightward by $1 million.
E) leftward by less than $1 million.
C
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a. True b. False
Economic efficiency approach offers each polluter the flexibility to reduce emissions as cost-effectively as possible
Indicate whether the statement is true or false
A rightward shift in an aggregate demand curve will cause
A. Higher prices, but not higher output, if the aggregate supply curve is vertical. B. No change in prices or output if the aggregate supply curve is upward-sloping. C. Higher output, but no change in prices, if the aggregate supply curve is vertical. D. Higher prices, but no change in output, if the aggregate supply curve is horizontal.
Explain why it was necessary to pass the Clayton Act when the Sherman Act had already addressed the antitrust issue.
What will be an ideal response?