Which of the following shifts the aggregate demand curve leftward?
A) a decrease in government expenditure on goods and services
B) an increase in the price level
C) a tax cut
D) an increase in foreign income
E) a decrease in the price level
A
Economics
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As inflation rates increase, money becomes less useful as a
A) store of value. B) double coincidence of wants. C) unit of account. D) medium of exchange.
Economics
Which of the following is not a consequence of deflation?
A. Deflation causes uncertainty about the future. B. The threat of deflation can make people reluctant to borrow for long periods. C. Deflation causes the real value of money to fall. D. Firms may be reluctant to undertake investments for fear that the prices at which they can sell their output will drop.
Economics