A decrease in the money supply shifts the aggregate __________ curve to the __________
A) demand; left
B) demand; right
C) supply; left
D) supply; right
A
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Which of the following ideas reflect the Monetarist macroeconomic model?
i) The Monetarist model supports the Classical model, in general. ii) Decreases in the growth rate of the quantity of money trigger recessions. iii) Government intervention is an appropriate tool to steady the economy. A) i and ii B) ii and iii C) i only D) i, ii and iii E) i and iii
At the twenty-fifth anniversary of the Woodstock Festival in 1994, there were many vendors who sold tie-dyed t-shirts. No matter where one went, each vendor was selling these t-shirts for $15 a piece. Which market structure model would best characterize such a situation?
a. Perfect competition b. Monopolistic competition c. Monopoly d. Oligopoly e. Monopsony
If Y = $500 billion, autonomous consumption = $400 billion, and the marginal propensity to save = 0.20, then saving will equal:
A. ?$300 billion. B. $300 billion. C. -$80 billion. D. $80 billion.
If the nation's capital stock increases so that workers become more productive, the
A) demand for labor will increase. B) supply of labor will increase. C) demand for labor will decrease. D) supply of labor will decrease.