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- According to Say's law, aggregate demand is always equal to aggregate supply. O True O FalseWhich of the following causes the aggregate supply curve to shift inward? a. Increase in quantity of labor b. Increase in quantity of capital c. Decrease in GDP d. Decrease in price levelIdentify three factors that can shift the aggregatedemand curve to the right and three different factorsthat can shift the aggregate demand curve to the left
- The following event has occurred in the history of the United States: S. businesses expect future profits to fall. Explain for event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.Two variables that affect the slope of the aggregate demand curve are Select one a. tax rates and interest rates. b. government purchases and real taxes. c exchange rates and income rates. d. government purchases and interest rates.Which of the following would be one of the factors that shift the aggregate demand curve? A change in: Domestic resource availability O Prices of imported resources O Property values O Productivity
- Explain why the following statements are false.a. “The aggregate-demand curve slopes downwardbecause it is the horizontal sum of the demandcurves for individual goods.”b. “The long-run aggregate-supply curve is verticalbecause economic forces do not affect long-runaggregate supply.”Are the determinants of aggregate demand the same things that apply to demand for an individual good?Which of the following is not a component of the aggregate demand curve?a.Government spending(G)b.Investment(I)c.Consumption(C)d.Net Exports(X-M)e.Saving
- Which of the following is not a component of aggregate demand? A. Consumption B. Net Exports C. Interest Rates D. Investment E. Government SpendingWhich of the following is not a component of the aggregate demand curve? a.Government spending(G) b. Investment (I) c. Consumption (C) d. net exports (X-M) e. SavingsWhich of the following statements will not parallel shift the aggregate supply curve? A. A reduction in business taxes. B. A reduction in the price of imported oil. C. An increase in labor productivity. D. A reduction in the general level of prices Please do fast ASAP fast
