A sustained increase in total output is possible only if the aggregate _____ curve shifts to the _____.
A. Supply; left
B. Supply; right
C. Demand; left
D. Demand; right
B. Supply; right
You might also like to view...
What is understood by infant industry arguments against free trade?
What will be an ideal response?
An increase in the price level
a. increases investment spending, thereby shifting the AD curve to the left b. does not shift the AD curve c. causes the government's budget deficit to fall d. increases investment spending, thereby shifting the AD curve to the right e. shifts the AS curve outward
For advanced nations, the average annual rate of growth of real per capital GDP
A. has shown random patterns since 1981. B. was lower during the 1981-1999 period than during the 2000-2020 period. C. was roughly the same between the 1981-1999 period and the 2000-2020 period. D. was higher during the 1981-1999 period than during the 2000-2020 period.
Falling stock prices decrease investment because
A. interest rates are lower. B. firms can raise less money per share of stock sold. C. falling stock prices guarantee a decreased level of retained earnings. D. the falling prices decrease firm profits and makes investment out of retained earnings harder.