If the government wished to shift aggregate demand to the right, it might:
A. increase government spending.
B. increase income taxes.
C. pressure the Fed to decrease the money supply.
D. Any of these things might cause aggregate demand to shift to the right.
A. increase government spending.
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The relative income hypothesis is associated with the ideas of
a. John M. Keynes b. Milton Friedman c. Franco Modigliani d. James Duesenberry e. Adam Smith
Which of the following is FALSE regarding bilateral monopoly?
A. The price outcome is easily determined. B. Bilateral monopoly is defined as a market structure in which a single buyer faces a single seller. C. An example of bilateral monopoly is a state education employer facing a single teachers' union in the labor market. D. Bilateral monopoly is a market structure consisting of a monopolist and a monopsonist.