A decrease in the expected future income of the United States would likely:
A. shift its AD curve to the left.
B. shift its AD curve to the right.
C. make its AD curve steeper.
D. make its AD curve flatter.
Answer: A
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Consumption taxes are generally viewed as
A. regressive. B. progressive. C. simple to calculate. D. multiplicative.
The Bureau of Labor Statistics unveils an unemployment rate figure every
A) two weeks. B) month. C) two months. D) quarter.
Compared to many other countries, the United States has: a. fewer banks, with assets distributed more evenly
b. fewer commercial banks, with assets concentrated in a few large banks. c. more banks, with assets concentrated in a few large banks. d. more commercial banks, with deposits widely distributed among the banks. e. more commercial banks, with deposits concentrated in a few large banks.
Suppose Sam's Shoe Co. makes only one kind of shoe, which sells for $50 a pair. If they sold 500,000 pairs of shoes, and had a total cost of $1,000,000, what was the company's profit?
A. $40,000,000 B. $24,000,000 C. $1,500,000 D. Not enough information is given to calculate profit.