A change in which of the following will cause the aggregate demand curve to shift?
a) energy prices
b) productivity rates
c) consumer wealth
d) prices of inputs
e) prices of consumer goods
Ans: c) consumer wealth
Economics
You might also like to view...
Government saving is equal to
A) net taxes. B) net taxes minus government expenditures. C) net taxes plus government expenditures. D) private savings minus government expenditures. E) the quantity of investment demanded.
Economics
If 50 units are sold at a price of $20 and 80 units are sold at a price of $15, what is the absolute value of the price elasticity of demand? Use the midpoint formula
A) 0.17 B) 0.62 C) 1.62 D) 5
Economics