Multiple Choice
Which of the following statements is correct?
A) An increase in people's expected future income shifts the aggregate demand curve leftward.
B) A tax increase shifts the aggregate demand curve leftward.
C) An increase in potential GDP shifts the aggregate demand curve rightward.
D) An increase in exports shifts the aggregate demand curve leftward.
E) The higher the price level,the larger is the quantity of real GDP demanded.
Correct Answer:
Verified
Correct Answer:
Verified
Q242: If potential GDP increases,then the<br>A)aggregate supply curve
Q243: The slope of the aggregate supply curve
Q244: A rise in the price level produces
Q245: If there is a rise in the
Q246: All of the following shift the aggregate
Q248: When the domestic price level increases,exports decrease
Q249: Which of the following changes aggregate supply
Q250: If the price level increases,there is _
Q251: If taxes are cut,there is<br>A)an increase in
Q252: Potential GDP<br>A)increases as the price level increases