The idea that supply creates its own demand is known as

Which is likely to be larger, the velocity of M1 or M2?

A. M1, because M2 is a larger number. B. M2, because M1 is a larger number. C. The velocities of both are approximately equal. D. The numbers of velocity switch in relative size.

Proponents of deficit reduction argue that the principal effect will be an

A. outward shift of the aggregate supply curve. B. inward shift of the aggregate supply curve. C. outward shift of the aggregate demand curve. D. inward shift of the aggregate demand curve.