There is no role for government in a market capitalist economy.

Which of these is the most likely impact of an increase in the wealth of consumers? a. The aggregate supply curve shifts outward

b. The aggregate demand curve shifts outward. c. The aggregate demand curve shifts inward. d. The aggregate supply curve shifts inward. e. Both the aggregate demand and aggregate supply curves shift inward.

President Obama would generally advocate increased spending when the economy needs stimulus and increased taxation when the economy needs to be restricted

a. True b. False Indicate whether the statement is true or false