Which one of the following would shift the aggregate demand curve to the left?
A) an increase in the money supply B) an increase in exports
C) an increase in taxes D) an increase in government spending
C
Economics
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In a perfectly competitive market, the price elasticity of demand for the market demand is ________ and the price elasticity of demand for an individual firm's demand is ________
A) infinite; infinite B) less than infinite; infinite C) infinite; less than infinite D) less than infinite; less than infinite
Economics
Which of the following is TRUE of M2?
A) It is larger than M1. B) It excludes savings deposits. C) It does not include highly liquid components of the money supply. D) It is less than M1.
Economics