Multiple Choice
The March 2000 "tech bubble" burst caused the aggregate demand curve to shift to the left by ________.
A) causing an upward spike in the real interest rate
B) reducing autonomous spending by households and businesses
C) reducing government spending on high-tech equipment
D) all of the above
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q80: An economy is in long-run equilibrium when
Q81: By the time Paul Volcker took office
Q82: Which equation is a plausible aggregate demand
Q83: Picture an economy that is in general
Q84: 12.2 Equilibrium in Aggregate Demand and Supply
Q85: By the time Paul Volcker took office
Q87: The aggregate demand curve has a negative
Q88: The assumption that in the long run
Q89: A change in the output gap is
Q90: Consider an economy in a long-run equilibrium