What would shift the aggregate demand curve leftward year after year?
What will be an ideal response?
negative growth in the quantity of money
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In the Bertrand model with homogeneous products,
A) the firm that sets the lower price will capture all of the market. B) the Nash equilibrium is the competitive outcome. C) both firms set price equal to marginal cost. D) all of the above E) the outcome is inconclusive.
The reserves supply schedule has a positive slope because
A. the Fed lowers the discount rate as interest rates rise. B. the Fed makes more money available at higher interest rates. C. as interest rates rise, banks will find loans more profitable. D. as interest rates rise, people will demand more loans.
Output can increase if the workweek is extended.
Answer the following statement true (T) or false (F)
The number of U.S. job losses certified by the U.S. Department of Labor as NAFTA-related was
A. 1,500,000. B. 500,000. C. 145 million. D. 100,000.