Japanese electronics exports were hurt in 2008 as a result of the recession. How would this decrease in exports have affected Japan's aggregate demand curve?
A) The aggregate demand curve would have shifted to the right.
B) The aggregate demand curve would not have shifted, but there would have been a movement up the aggregate demand curve.
C) The aggregate demand curve would have shifted to the left.
D) The aggregate demand curve would not have shifted, but there would have been a movement down the aggregate demand curve.
C
You might also like to view...
The Phillips Curve is steeper at higher rates of inflation and lower levels of unemployment
a. True b. False Indicate whether the statement is true or false
You own shares in a well-managed and diversified company. If a booming economy decreases investors' concerns about market risk, then the price of your shares will ________, holding other factors constant.
A. decrease B. not change C. increase D. either increase or decrease