Multiple Choice
A leftward shift of the aggregate demand curve can be explained by
A) an increase in raw materials prices.
B) an increase in foreign income.
C) a decline in foreign price levels.
D) inefficient production technology.
E) higher investor optimism.
Correct Answer:

Verified
Correct Answer:
Verified
Q42: Long-run aggregate supply increases as<br>A) new production
Q43: Other things equal, an increase in government
Q44: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt=" -Refer to Table
Q45: A rightward shift of the aggregate demand
Q46: In the short run, an increase in
Q48: We would expect higher interest rates on
Q49: A decline in production costs<br>A) reduces the
Q50: Figure 12.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 12.3
Q51: The short-run aggregate supply curve shifts to
Q52: In the 1970s, the world price of