Keynesians have been critical of supply-side economics because it ignores

Which of the following is most likely to lead to an inward shift of the aggregate demand curve?

a. A decrease in the prices of raw materials b. A decline in foreign price levels c. A decline in the domestic price level d. An optimistic expectation about the economy's performance in the near future e. A decrease in foreign income

Indifference curves have a bowed-out shape because of diminishing marginal utilities

a. True b. False Indicate whether the statement is true or false