Which of the following would cause a decrease in aggregate demand?
A) a rise in wages B) an increase in the money supply
C) a fall in investor confidence D) an increase in the price level
C
You might also like to view...
Which of the following is NOT an example of a way in which microeconomic analysis can help in designing environmental policy?
A. Examining the trade-offs between ecological benefits of environmental legislation and its impacts on consumers' standard of living B. Lobbying consumers and firms to reduce consumption of energy C. Designing laws to provide incentives for firms to implement clean technologies in new vehicles D. Determining the optimal level of vehicle fuel efficiency standards
What is the relationship between the marginal social benefit of milk and marginal social cost of milk when the efficient quantity of milk is produced?
What will be an ideal response?