The aggregate demand curve:
a. would be little affected by a technological advancement.
b. shifts to the right when spending decreases.
c. shifts to the left when there is a decrease in taxes.
d. cannot move independently of the aggregate supply curve.
e. shifts to the right when there is an expectation that future income will fall.
a
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The basic economic problem is essentially one of deciding how to make the best use of:
A. unlimited resources to satisfy limited economic wants. B. limited resources to satisfy limited economic wants. C. unlimited resources to satisfy unlimited economic wants. D. limited resources to satisfy unlimited economic wants.
Which of the following government programs would be most appropriate to counteract cyclical unemployment?
A. More job training programs. B. Year-round school. C. Increased job placement services. D. Greater government expenditures to increase GDP.