An increase in aggregate demand caused by any other factor than the price level in an economy will cause _____
a. the aggregate demand curve to shift rightward
b. the aggregate demand curve to shift leftward
c. an upward movement along the aggregate demand curve
d. a downward movement along the aggregate demand curve
a
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The income-consumption curve for Dana between Qa and Qb is given as: Qa = Qb. His budget constraint is given as: 120 = Qa + 4Qb How much Qa will Dana consume to maximize utility?
A) 0 B) 24 C) 30 D) 60 E) More information is needed to answer this question.
The original (1958 ) Phillips curve differed from the Samuelson-Solow Phillips curve in that
A) the former was based on American data, while the latter was based on British data. B) the former measured price inflation rates, while the latter used wage inflation rates. C) the former was based on British data, while the latter was based on American data. D) the former measured nominal GDP, while the latter used Real GDP. E) a and b