Changes in aggregate spending not caused by changes in output or the inflation rate, also known as exogenous changes in spending, will shift the:
A. potential output line.
B. aggregate demand curve.
C. short-run aggregate supply curve.
D. long-run aggregate supply curve.
Answer: B
You might also like to view...
A __________ shift in the demand curve for a foreign currency causes the foreign currency to __________
A) rightward; appreciate B) leftward; appreciate C) rightward; depreciate D) None of the above.
In financial markets, buyers are people who:
A. want to spend money on something of value right now, but don't have cash on hand. B. have cash on hand and are willing to let others use it, for a price. C. want to spend money on something of big value in the future, but don't know how to save for it. D. have cash promised to them at some future date.
If a country has attracted a relatively large number of foreign workers and a large amount of foreign investment,
a. national income will generally exceed gross national product. b. gross national product will generally exceed gross domestic product. c. net domestic product will generally exceed gross domestic product. d. gross domestic product will generally exceed gross national product.
The exit of existing firms from a competitive market will
a. increase market supply and increase market price. b. increase market supply and decrease market price. c. decrease market supply and increase market price. d. decrease market supply and decrease market price.