Which of the following would NOT shift the aggregate demand curve to the left?
A) an increase in money demand
B) a cut in federal government spending
C) a reduction in federal income taxes
D) a decrease in consumption spending
C
Economics
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In the long run, an entrepreneur who owns a perfectly competitive firm will earn no income from that firm
a. True b. False
Economics
The additional revenue associated with hiring one additional unit of some factor input, such as labor, is called
A) marginal cost. B) marginal revenue product. C) marginal factor cost. D) marginal physical product.
Economics