An economic boom in the United States would cause the aggregate demand curve in other countries to shift outward.

Income rises after a charity gives poor families free livestock. The harvest that year was also particularly bountiful. The charity should take full credit for the observed increase in the standard of living

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

The aggregate demand and aggregate supply model implies monetary neutrality

a. only in the short run. b. only in the long run. c. in both the short run and the long run. d. in neither the short run nor long run.