How does the aggregate-demand curve shift when increased uncertainty and pessimism about the future of the economy lead firms to desire less investment spending?
a. The curve shifts to the right.
b. The curve shifts to the left.
c. The curve does not shift at all.
d. The curve first shifts to the right and then shifts to the left.
Answer: b. The curve shifts to the left.
Economics
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Suppose that the price elasticity of demand for museum tickets is equal to –1.8 . If the price of a museum ticket rises by 30 percent, what will happen to quantity demanded?
What will be an ideal response?
Economics
Which of the following cases was most important for ensuring the United States an internal common market?
(a) Charles River Bridge v. Warren Bridge (1837) (b) McCulloch v. Maryland (1819) (c) Gibbons v. Ogden (1824) (d) Dartmouth College v. Woodward (1819)
Economics