An increase in total planned real expenditures that is caused by a factor other than the price level will lead to the
A) aggregate demand curve shifting to the right. B) aggregate demand curve shifting to the left.
C) aggregate supply curve shifting to the left. D) aggregate supply curve shifting to the right.
A
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Suppose a bank has $100 million in checking account deposits with no excess reserves and the required reserve ratio is 10 percent. If the Federal Reserve reduces the required reserve ratio to 8 percent, then the bank can make a maximum loan of
A) $0. B) $2 million. C) $8 million. D) $10 million.
Who are the main actors in the international capital market?
What will be an ideal response?
Game theory may be used to solve problems of interdependent decision making by large firms.
Answer the following statement true (T) or false (F)
Suppose the economy is at a point below its physical production possibilities frontier but above its institutional production possibilities frontier. In response to this situation, Keynesian economists may propose that government enact __________ fiscal policy to correct this __________ gap by __________ government expenditures
A) expansionary; inflationary; increasing B) contractionary; inflationary; decreasing C) expansionary; recessionary; increasing D) contractionary; recessionary; decreasing E) contractionary; inflationary; increasing