If a country currently produces a mix of output that lies inside its production possibilities curve,then macro stabilization policies try to
A) Shift the aggregate demand curve to the right.
B) Shift the aggregate demand curve to the left.
C) Shift the short-run aggregate supply curve to the left.
D) Move the economy to the right down the existing aggregate demand curve.
Correct Answer:
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Q1: Which of the following must occur to
Q2: Economists often define economic growth in terms
Q4: Economic growth
A)Is measured using real GDP.
B)Shifts the
Q5: If nominal GDP rises from $550 billion
Q6: A short-run increase in capacity utilization
A)Shifts the
Q7: Economic growth implies a
A)Rightward shift of the
Q8: Long-run macroeconomic growth
A)Shifts the production possibilities curve
Q9: Which of the following is a major
Q10: In the short run,movement toward a fixed
Q11: Better short-run use of current capacity
A)Moves the
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