Answer: d. shift to the left.
If the central bank decreases the supply of money, then the aggregate demand curve will:
a. become steeper.
b. shift to the right.
c. become flatter.
d. shift to the left.
Economics
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A household increases its wealth by
A) increasing its capital consumption. B) making sure that its net investment exceeds its gross investment. C) saving. D) spending more on consumption goods. E) decreasing its depreciation.
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A decision or a choice that is made after using optimization analysis:
A) has zero opportunity cost. B) is not necessarily risk free. C) is the same for all individuals. D) cannot be justified using normative analysis.
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