Multiple Choice
If every household in Australia won a lottery which gave each of them an extra $50 000 to spend, the:
A) aggregate supply curve would shift to the right.
B) aggregate supply curve would shift to the left.
C) general price level would rise, causing a movement up the aggregate demand curve.
D) aggregate demand curve would shift to the right in the short-run.
Correct Answer:
Verified
Correct Answer:
Verified
Q17: In the aggregate demand-output model, if an
Q18: Aggregate expenditures are the sum of:<br>A) consumption,
Q19: The aggregate demand is:<br>A) C + I
Q20: When the AS curve is vertical at
Q21: The relationship between consumer expenditures and disposable
Q23: The horizontal segment of the aggregate supply
Q24: When the aggregate demand curve shifts to
Q25: The horizontal axis used in the aggregate
Q26: The ratio of the change in GDP
Q27: Classical economists believed that:<br>A) the forces of