An increase in government expenditure on goods and services ________ aggregate demand, shifting the aggregate demand curve ________ and potentially bringing the ________ phase of the business cycle
A) decreases; rightward; expansion
B) increases; rightward; recession
C) decreases; leftward; recession
D) increases; rightward; expansion
E) increases; leftward; recession
D
Economics
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If real GDP in year 1 is $72 million and real GDP in year 2 is $87 million, then the growth rate of real GDP is
A) 15 percent. B) $15 million. C) 20.8 percent. D) 17 percent. E) 83 percent.
Economics
An increase in interest rates due to a decrease in the money supply will
A) reduce aggregate demand. B) not change aggregate demand. C) increase aggregate demand. D) decrease aggregate supply in the short run and in the long run.
Economics