If government expenditures on goods and services increases by $20 billion, then aggregate demand
A) increases by $20 billion.
B) increases by more than $20 billion.
C) decreases by $20 billion.
D) increases by less than $20 billion.
E) decreases by more than $20 billion.
B
Economics
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U.S. and Japanese automakers __________ during the automobile VER of the 1980s.
a. both suffered losses b. were locked in a contentious trade war c. both enjoyed higher prices and higher profits d. both felt that the other side had more gains
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Refer to Figure 5-1. The market equilibrium price is
A) $60. B) $50. C) $40. D) < $40.
Economics