Multiple Choice
-In the above figure, the economy is initially at point B. If the government decreases transfer payments, there is
A) a movement to point C.
B) a shift to AD1.
C) a shift to AD2.
D) a movement to point A.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q53: A Keynesian economist believes that<br>A)the economy is
Q54: A change in _ creates a movement
Q55: An increase in the amount of human
Q56: Which of the following changes while moving
Q57: In a short- run macroeconomic equilibrium, potential
Q59: _ economists believe that the economy
Q60: The Australian exchange rate rises. As a
Q61: The short- run aggregate supply curve is
Q62: Aggregate demand increases if the quantity of
Q63: An economy is at full employment. Which