A decrease in the money supply will shift the aggregate __________ curve to the __________.
A) demand; left
B) demand; right
C) supply; left
D) supply; right
Ans: c) demand; left
Economics
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In August 1979, President Jimmy Carter appointed ________ as chairman of the Board of Governors of the Federal Reserve System
A) Paul Volcker B) Alan Greenspan C) G. William Miller D) Ben Bernanke
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Compared to the United States, the income distribution in other major industrial nations tends to be
a. more concentrated b. less concentrated c. similar d. impossible to calculate e. not comparable because tax structures differ among countries
Economics