Individuals' expectations of higher future income is a
A) rightward shifter of the AD curve.
B) leftward shifter of the AD curve.
C) reason for moving up along a given AD curve.
D) reason for moving down along a given AD curve.
A
You might also like to view...
Consider a diagram in which the variable measured on the y-axis remains constant while the variable measured on the x-axis increases. The graph of these two variables is
A) a line that has positive slope. B) non-existent because the two variables are not related. C) a horizontal line. D) a vertical line. E) a line that has a negative slope.
A firm estimates its long-run production function to beQ = -0.0075K3L3 + 12K2L2Suppose the firm employs 12 units of capital. At ________ units of labor, marginal product of labor begins to diminish.
A. 32.21 B. 44.44 C. 76.66 D. 82.27 E. 66.67