The aggregate demand curve will shift to the left ________ the initial decrease in government purchases
A) by less than
B) by more than
C) by the same amount as
D) sometimes by more than and other times by less than
B
Economics
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In the late 1970s, the inflation rate was over 10 percent per year. Many home mortgage lending institutions had mortgages outstanding that had been made in the 1960s at nominal interest rates of around 5 percent per year
Many of these lending institutions failed. What can explain the high failure rate of lenders in the late 1970s?
Economics
Which of following groups of countries are all advanced economies?
A) Australia, Brazil, and the United States B) Hong Kong, Japan, France, and the United Kingdom C) Italy, the United States, China, and Russia D) Singapore, Russia, France, and Chad E) Mexico, Canada, Germany, and Egypt
Economics