__________ would cause a rightward shift of the aggregate demand curve.
a. A decrease in the expected price level
b. A decrease in foreign income
c. An increase in expected income
d. A decrease in real wealth
e. An increase in the value of the dollar
c. An increase in expected income
Economics
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When very few substitutes for a good exist, demand will be
A) elastic. B) unit-elastic. C) inelastic. D) perfectly elastic.
Economics
When a firm increases output and the costs rise disproportionately slower, then the long-run average cost curve is __________ and the firm is experiencing __________ .
A) upward sloping; diseconomies of scale
B) downward sloping; constant returns to scale
C) downward sloping; economies of scale
D) horizontal; constant returns to scale
Economics