With downward-sloping monetary policy and IS curves,the aggregate demand curve is
A) downward sloping.
B) flat.
C) vertical.
D) upward sloping.
D
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What are the advantages of a fractional reserve banking system compared to a system that requires 100 percent of deposits to be kept on reserve?
The national defense argument has been used in the past to justify trade restrictions by firms in the peanut industry and the pottery industry
Indicate whether the statement is true or false
Long-run economic growth is consistent with:
A. Expanding the aggregate demand curve. B. Expanding the production possibilities curve. C. An increase in government spending. D. An increase in GDP per capita.
If a product?s demand increases as its supply simultaneously decreases, the marginal revenue product curve will
A. either shift to the left, shift to the right, or remain unchanged depending upon what happens to product price. B. shift to the left. C. remain unchanged. D. shift to the right.