A downward shift in the Fed's policy reaction function corresponds to a ________ the aggregate demand curve and a decrease in exogenous spending corresponds to a ________ the aggregate demand curve.

A. movement up; shift right of
B. shift left of; movement up
C. shift left of; shift right of
D. shift right of; shift left of


Answer: D

Economics

You might also like to view...

The Montreal Protocol is expected to save the ozone layer

Indicate whether the statement is true or false

Economics

The original sales price the Rooney family paid for the Pittsburgh Steelers was

A. $2,500. B. $2.5 billion. C. $25 million. D. $2.5 million.

Economics

Who or what did Edwards Deming blame for the problems in American manufacturing?

A. Tariffs B. Steel prices C. The system D. The workers

Economics

If doubling the quantity of inputs more than doubles the quantity of outputs, the firm is experiencing

A. increasing returns to scale. B. decreasing returns to scale. C. constant returns to scale. D. increasing costs per unit of output.

Economics