Which one of the following would not shift the aggregate demand curve?
A. A change in the price level.
B. Depreciation of the international value of the dollar.
C. A decline in the interest rate at each possible price level.
D. An increase in personal income tax rates.
A. A change in the price level.
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The European Commission believes that in 2016 exports of goods and services from Spain will be 22 times larger than in 2013. Irish exports are expected to have grown by 15 percent over the same period. If imports remain constant
A) the current account balance in both countries will become more positive. B) the current account balance in both countries will become more negative. C) there will be no change in the current account balance of both countries. D) in both countries the capital and financial account balance will become more positive.
Some economists believe that monopolies are both inevitable and beneficial to society. They believe that monopolies are more efficient than competitive markets and generate lower prices. For these reasons they oppose _________ and advocate __________
a. antitrust laws; laissez-faire b. laissez-faire; antitrust laws c. nationalization; regulation d. regulation; nationalization e. antitrust laws; nationalization
If the demand curve facing a firm had a price elasticity of demand equal to zero and the firm raised its price, its total revenue would:
A. decrease slightly. B. fall to zero. C. not change. D. increase.
A television report states: "The Federal Reserve will lower the discount rate for the fourth time this year." This report indicates that the Federal Reserve is most likely trying to:
A. Reduce inflation B. Save the banking industry C. Stimulate the economy D. Improve the savings rate