In the short-run macro model, a decrease in the money supply will
a. move the economy to the right along the aggregate expenditure line
b. move the economy to the left along the aggregate expenditure line
c. shift the aggregate expenditure line upward
d. shift the aggregate expenditure line downward
e. not affect the aggregate expenditure line
D
Economics
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Change in the aggregate quantity of goods and services supplied at every price level:
A. change in SRAS B. change in LRAS C. change in SRA quantity of output supplied D. determinant of SRA
Economics
If prices in the economy rise, then
A) the purchasing power of a dollar stays constant. B) the purchasing power of a dollar rises. C) the purchasing power of a dollar declines. D) the purchasing power of a dollar cannot be determined.
Economics