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.
Answer: D
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As the amount of inventories maintained by a firm increases:
A) its elasticity of supply increases. B) its elasticity of supply decreases. C) the elasticity of demand for its product increases. D) the elasticity of demand for its product decreases.
Less-risky professions tend to enjoy compensating wage differentials
a. True b. False
The supply curve for the monopolist
a. is horizontal. b. is vertical. c. is upward sloping. d. does not exist.
In 2008 if the poverty line had been set higher, the poverty rate would have been _______.
Fill in the blank(s) with the appropriate word(s).