If there is a decrease in the expected future profitability of capital,
A) the aggregate demand curve will shift right.
B) the aggregate demand curve will shift left.
C) the aggregate demand curve will become steeper.
D) the aggregate demand curve will be unaffected.
B
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A nation that has done well economically in spite of a lack of natural resources is
a. the United States. b. Japan. c. Canada. d. Australia.
If the four-firm concentration ratio for industry X is 80:
A. the four largest firms account for 80 percent of total sales. B. each of the four largest firms accounts for 20 percent of total sales. C. the four largest firms account for 20 percent of total sales. D. the industry is monopolistically competitive.
Microeconomics studies
A) decisions made by individual consumers and firms. B) the changes in economic theory brought about by real-world events. C) how small changes in the unemployment rate can have far-reaching effects. D) how small changes in the money supply can have far-reaching effects.
Which is best considered a supply factor for long-run economic growth?
A. The stock of capital goods. B. Full employment of resources. C. Personal consumption expenditures. D. Government spending.