Everything else held constant, which of the following does NOT cause aggregate demand to increase?
A) an increase in net exports
B) an increase in government spending
C) an increase in taxes
D) an increase in consumer optimism
C
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The Securities and Exchange Commission (SEC) oversees the regulation of the securities market
a. True b. False Indicate whether the statement is true or false
Which of the following would shift a market labor supply curve to the left?
a. an increase in the wage paid to workers in a competing market b. labor-saving technology c. a change in worker tastes so that workers want to retire later d. an increase in immigration
Both countries can benefit from trade when:
A. there are no trade barriers that are erected by either country. B. at least one country produces the good for which it has an absolute advantage. C. each specializes in producing the good for which it has a comparative advantage. D. each specializes in producing the good for which it has an absolute advantage.
Suppose that Canada pegs its currency to the U.S. dollar at a rate of $C1 = $US1 and that Canada is a major exporter of crude oil to the United States. The increase in the price of oil that occurred in the second half of 2007 is likely to:
A) cause Canada to adopt a contractionary monetary policy and the United States to adopt an expansionary monetary policy. B) cause Canada to adopt an expansionary monetary policy and the United States to adopt a contractionary monetary policy. C) cause both Canada and the United States to adopt contractionary monetary policies. D) cause both Canada and the United States to adopt expansionary monetary policies.