Multiple Choice
Which of the following happens to aggregate demand if people want to save more for retirement and the government raises taxes?
A) Aggregate demand shifts right.
B) Aggregate demand shifts left.
C) If people save more, aggregate demand shifts right; if the government raises taxes, aggregate demand shifts left.
D) If people save more, aggregate demand shifts left; if the government raises taxes, aggregate demand shifts right.
Correct Answer:

Verified
Correct Answer:
Verified
Q13: On average over the past 130 years,
Q14: What was the main reason for the
Q66: According to the aggregate demand and aggregate
Q74: In which of the following situations would
Q149: During World War II, output increased by
Q163: When would the long-run aggregate supply curve
Q177: Which of the following is consistent with
Q182: Discuss what economists believe is different about
Q221: Which of the following explains why production
Q227: Figure 14-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4801/.jpg" alt="Figure 14-1