Which of the following would shift the aggregate demand curve to the left?
a. increases in government purchases, investment spending, autonomous consumption, taxes or the money supply
b. decreases in government purchases, investment spending, autonomous consumption, or the money supply
c. increases in government purchases, investment spending, autonomous consumption or the money supply
d. decreases in government purchases, investment spending, autonomous consumption, taxes or an increase in the money supply
e. only increases in government purchases
B
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At its profit-maximizing output, a pure nondiscriminating monopolist achieves:
A. neither productive efficiency nor allocative efficiency. B. both productive efficiency and allocative efficiency. C. productive efficiency but not allocative efficiency. D. allocative efficiency but not productive efficiency.
The individual who brings together economic resources and assumes the risk in a capitalist economy is called the:
A. stockbroker. B. banker. C. manager. D. entrepreneur.