Which of the following would shift the aggregate demand curve to the left?
A. An increase in exports.
B. An increase in investment.
C. An increase in government spending.
D. A decrease in government spending.
Answer: D
Economics
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"Trade is generally harmful if there are large disparities between countries in wages."
A) This is generally true. B) This is generally false. C) Trade theory has nothing to say about this issue. D) This is true if the trade partner ignores child labor laws. E) This is true if the trade partner uses prison labor.
Economics
Suppose that the short-run aggregate supply curve is: ?= 2 + 1.5 (Y-10), where ? is inflation and Y is output; and the aggregate demand curve is Y= 11 - 0.5?. The equilibrium output is ________ and the equilibrium inflation rate is ________ %
A) 10; 2 B) 17.5; 2 C) 2; 10 D) 10; 7.5
Economics