If investment spending increases by $1 million, then the aggregate demand curve shifts
A) rightward by less than $1 million.
B) leftward by more than $1 million.
C) rightward by more than $1 million.
D) rightward by $1 million.
E) leftward by less than $1 million.
C
Economics
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The horizontal axis on a time-series graph
A) measures the variable being graphed. B) measures units of time such as years. C) runs parallel to the y-axis. D) measures how the variable being graphed changes.
Economics
According to the Keynesian model, the optimal fiscal policy is to
a. increase cyclical but not structural deficits during a recession. b. reduce cyclical and structural deficits during a recession. c. increase structural deficits during an recession. d. maintain a balanced budget in case of national emergency.
Economics