Which of the following would shift the aggregate demand curve to the left?
A. A depreciation in the value of the country's currency
B. An increase in foreign income
C. A higher future expected price level
D. A decrease in exports
Answer: D
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Over the past two decades, the unemployment rates in
A) the Eurozone have been generally less than U.S. unemployment rates. B) the Eurozone have been generally greater than U.S. unemployment rates. C) the United Kingdom have almost always been much greater than the U.S. unemployment rates. D) Canada are less than the U.S. unemployment rates. E) Japan are much larger than those in the United States.
Suppose a firm has market power and faces a downward sloping demand curve for its product, and its marginal cost curve is upward sloping. If the firm reduces its price, then:
A) consumer and producer surplus must increase. B) consumer surplus increases, producer surplus may increase or decrease. C) consumer surplus increases, producer surplus must decline. D) consumer and producer surplus must decline.
A quality-of-life index measures absolute poverty levels
a. True b. False Indicate whether the statement is true or false
Monetary neutrality is
What will be an ideal response?