The aggregate demand curve shifts to the left when there is ________
A) autonomous tightening of monetary policy
B) an increase in the nominal interest rate
C) an increase in inflation
D) all of the above
E) none of the above
A
Economics
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When the Fed purchases securities from a bank, it __________ reserves and ____________ the money supply
A) decreases; decreases B) increases; increases C) decreases; increases D) increases; decreases E) has no impact on; has no impact on
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A rational seller will sell another unit of output:
A. as long as the quantity demanded is greater than zero. B. whenever the seller is earning a profit. C. if the seller can charge more than the equilibrium price. D. if the cost of making another unit is less than the revenue gained from selling another unit.
Economics