Suppose the U.S. GDP growth rate is faster relative to other countries' GDP growth rates. This will
A) shift the aggregate demand curve to the left.
B) move the economy up along a stationary aggregate demand curve.
C) shift the aggregate demand curve to the right.
D) move the economy down along a stationary aggregate demand curve.
A
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The M1 measure of money is suggested by the ________ approach to measuring money
A) investment B) liquidity C) transactions D) security
When a producer is operating efficiently it is producing:
A. the good in which it has an absolute advantage. B. at a point on or under its production possibilities frontier. C. at a point on its production possibilities frontier. D. only one good.
Total state and local government spending in 2007 was
a. less than $100 billion b. approximately $500 billion c. nearly $1.9 trillion d. approximately $10 trillion e. more than $25 trillion
U.S. monetary policy is best described as:
A. aimed at keeping inflation low and stable and growth high and stable. B. one of the most important functions of congress. C. attempting to keep inflation constant at zero percent. D. determining the denominations of a country's currency.