Economic growth will NOT result in deflation if aggregate demand shifts
A. inward to the left as aggregate supply shifts outward to the right.
B. outward to the right as aggregate supply shifts inward to the left.
C. inward to the left at the same speed as aggregate supply.
D. outward to the right at the same speed as aggregate supply.
Answer: D
Economics
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If the government increases taxes while holding expenditures constant,
A) the bond supply curve will shift to the left and the equilibrium interest rate will fall. B) the bond supply curve will shift to the right and the real interest rate will fall. C) government borrowing will be increased. D) the government's deficit will increase.
Economics