Full employment is defined by most economists as the minimization of

A sales tax on sellers of a good shifts the demand curve leftward because the tax raises the price that consumers must pay

Indicate whether the statement is true or false

In the classical theory of aggregate demand, a decrease in the velocity of money leads to

a. a downward shift in the aggregate demand curve, a fall in prices, and no change in output. b. an increase in the aggregate demand curve, a rise in prices, and no change in output. c. no change in aggregate demand or supply because higher velocity increases the money supply. d. an upward shift in the aggregate demand curve, a fall in prices, and no change in output.