Which of the following statements is correct?
A) The higher the price level, the larger is the quantity of real GDP demanded.
B) An increase in exports shifts the aggregate demand curve leftward.
C) A tax increase shifts the aggregate demand curve leftward.
D) An increase in people's expected future income shifts the aggregate demand curve leftward.
E) An increase in potential GDP shifts the aggregate demand curve rightward.
C
Economics
You might also like to view...
Keynesians believe that the transactions demand for money influences the velocity of money
Indicate whether the statement is true or false
Economics
If a country were to increase its saving rate, then in the long run it would also increase its
a. level of income. b. growth rate of income. c. growth rate of productivity. d. All of the above are correct.
Economics