According to the Keynesian, a decrease in government spending other things equal shifts the aggregate ____ curve to the
Demand : light
Demand : left
Supply : left
Supply : right
According to monetarists a decline in the money supply, holding other factors constant, shifts the aggregate ____ curve to the ______.
Demand : right
Stagflation is the result of
Positive supply shock
Negative supply shock
Positive demand shock
Negative demand shock
The aggregate demand curve shift to the left when
The money supply falls
The price level increases
Taxes are increased
All of the above
Aggregate supply is the total amount
Produced by the government
Of goods and services produced in an economy
Of labour supplied by all households
Of products produced by a given industry
The Keynesian analysis of aggregate demand indicates that changes in the money supply
Have no effect on aggregate demand
Shift the aggregate demand curve in the opposite direction of the change in government spending
Shift the aggregate demand curve in the same direction as the change in government spending
Move the economy along the aggregate demand curve rather than shifting it.
The aggregate supply curve is
The total quantity of raw materials offered for sale at different process
The total quantity of final goods and services offered for sale at the current price level
The total quantity of final goods and services offered for sale at different price levels.
The total quantity of intermediate and final goods and services offered for sale at different price levels.
Stagflation is a situation of:
Stable prices and falling output
Stable prices and rising output
Rising pricing and falling output
