Refer to the diagrams. A decline in aggregate expenditures from AE 2 to AE 1 resulting from the real-balances, interest-rate, and foreign purchases effects would be depicted as:
A. a movement from A to C along aggregate demand curve AD 1 .
B. a movement from C to A along aggregate demand curve AD 1 .
C. a shift of aggregate demand from AD 1 to AD 2 .
D. a shift of aggregate demand from AD 2 to AD 1 .
B. a movement from C to A along aggregate demand curve AD 1 .
Economics
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_____ established the first American colonies in the early 1500s
a. England b. The Low Countries c. France d. Spain
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Fire protection is a
a. club good, because it is excludable but not rival in consumption. b. club good, because it is rival in consumption but not excludable. c. a public good, because it is excludable but not rival in consumption. d. a public good, because it is rival in consumption but not excludable.
Economics