If a central bank wants to counter the change in the price level caused by an adverse supply shock, it could change the money supply to shift
a. aggregate demand right.
b. aggregate demand left.
c. aggregate supply right.
d. aggregate supply left.
b
Economics
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Monopolies in successive markets result in
A) a double markup for consumers. B) more output than if the input market is competitive. C) a lower output price than if the input market is competitive. D) All of the above.
Economics
If the marginal propensity to consume is 0.7, the expenditure multiplier is
a. 7.0 b. 0.7 c. 3.0 d. 3.3 e. not determinable without additional information.
Economics