Multiple Choice
A significant 'shock' to the economy such as the oil price hikes of the 1970s can be represented by:
A) a left shift of the AS curve
B) a right shift of the AD curve
C) a left shift of the AD curve
D) a right shift of the AS curve
Correct Answer:
Verified
Correct Answer:
Verified
Q4: The slope of the AD curve only
Q15: The aggregate-demand curve shows:<br>A)the quantity of goods
Q23: The short-run aggregate curve's shape is affected
Q41: The upward slope of the aggregate-supply curve
Q61: Which of the following statements about aggregate
Q62: The new Keynesian sticky-price theory states that
Q64: While the short-run aggregate curve is vertical,
Q68: The wealth effect is also known as:<br>A)
Q74: Investment spending averages about two-thirds of GDP,
Q76: A decrease in the price of imported