A decrease in aggregate demand could be caused by
A. A decrease in the value of the domestic currency.
B. A booming economy.
C. Expansionary monetary policy.
D. Contractionary monetary policy.
Answer: D
Economics
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If the minimum wage exceeds the equilibrium wage, then
A. there will be no unemployment. B. the minimum wage will not be binding. C. the quantity supplied of labor will exceed the quantity demanded. D. the quantity demanded of labor will exceed the quantity supplied.
Economics
The maximum amount of other goods and services that people are willing to give up in order to get one more unit of a good is defined as the good's
A) marginal benefit. B) total benefit. C) marginal cost. D) total cost. E) price.
Economics