For the following questions,use the diagram below:
Figure 34-7.
-Refer to Figure 34-7.The aggregate-demand curve could shift from AD1 to AD2 as a result of
A) an increase in government purchases.
B) a decrease in net exports.
C) households saving a smaller fraction of their income.
D) a decrease in the price level.
Correct Answer:
Verified
Q17: Suppose households attempt to increase their money
Q18: The Employment Act of 1946 states that
A)the
Q19: Keynes argued that
A)irrational waves of pessimism cause
Q20: Suppose there is a tax increase.To stabilize
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