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Refer to the Diagram Below

Question 21

Multiple Choice

Refer to the diagram below. Which of the following would shift the aggregate demand curve from AD2 to AD1? Refer to the diagram below. Which of the following would shift the aggregate demand curve from AD<sub>2</sub> to AD<sub>1</sub>? A) a decline in personal income tax rates B) an increase in the international value of the dollar C) an increase in government spending D) an upward revision of profit expectations on investment projects


A) a decline in personal income tax rates
B) an increase in the international value of the dollar
C) an increase in government spending
D) an upward revision of profit expectations on investment projects

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