Multiple Choice
The following is a list of economic events:
1.A big cut in the price of imported oil.
2.An increase in the money supply.
3.An increase in labour productivity.
4.A decline in the GDP of the USA
5.A big rise in nominal wages.
-Refer to the information above to answer this question.Which of the listed economic events will cause an increase in aggregate demand?
A) 1 only.
B) 2 only.
C) 1 and 2.
D) 1,2 and 5.
Correct Answer:

Verified
Correct Answer:
Verified
Q104: Which of the following is true of
Q105: The following are aggregate demand and supply
Q106: What are the components of aggregate demand?
Q107: What does the foreign-trade effect explain?<br>A)The shape
Q108: Which of the following will cause a
Q110: How did the neoclassical school view equilibrium?<br>A)As
Q111: Suppose that the economy of Wetland shown
Q112: Which of the following is true regarding
Q113: The following is a list of economic
Q114: What is the relationship between LAS and