Multiple Choice
Figure 9.2
-Refer to Figure 9.2. A movement from point a to point d could be caused by a simultaneous ________ and ________.
A) increase in government spending; decrease in the price of oil
B) increase in taxes; increase in the price of oil
C) decrease in taxes; massive crop failure
D) decrease in the money supply; decrease in government spending
Correct Answer:

Verified
Correct Answer:
Verified
Q129: Decreases in taxes shift the aggregate demand
Q130: Suppose consumer tastes and preferences shift from
Q131: One reason the aggregate demand curve is
Q132: During an economic boom<br>A) actual output exceeds
Q133: Higher prices lead to higher levels of
Q135: When there is a recession (a fall
Q136: The increase in spending that occurs because
Q137: Recall the Application about the factors involved
Q138: The short run in macroeconomics is the
Q139: The marginal propensity to save (MPS)is the<br>A)