Which of the following does NOT shift the U.S. aggregate demand curve?
A. an increase in the supply of money
B. an increase in GDP in Japan
C. a decrease in taxes
D. a decrease in the price level
Answer: D
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What are fiscal and monetary policies? Do they have an immediate effect on the AD curve or the SAS curve?
What will be an ideal response?
The LRAC curve generally is
A) shaped as an upside-down U. B) U-shaped. C) upward sloping. D) downward sloping.
The expectations theory suggests that
A) the yield curve should usually be upward-sloping. B) the yield curve should usually be downward-sloping. C) the slope of the yield curve depends on the expected future path of short-term rates. D) the slope of the yield curve reflects the risk premium incorporated into the yields on long-term bonds.
Exports minus imports equal net exports
a. True b. False Indicate whether the statement is true or false