According to monetarists a decline in the money supply, holding other factors constant, shifts the aggregate ____ curve to the ______.
Demand : right
Demand : left
Supply : right
Supply : left
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
Stagflation is a situation of:
Stable prices and falling output
Stable prices and rising output
Rising pricing and falling output
According to the Keynesian, a decrease in government spending other things equal shifts the aggregate ____ curve to the
Demand : light
Keynes assumed the situation of
Full employment
Under employment
Involuntary unemployment
Marginal unemployment
The aggregate demand curve shift to the left when
The money supply falls
The price level increases
Taxes are increased
All of the above
Monetarists determine the aggregate demand curve from
The equation of exchange
Its three component parts: consumer expenditure, investment spending and government spending and government spending
Its four component parts: consumer expenditure, investment spending, government spending and net exports
The spending multiplier
According to the monetarists an increase in the money supply, other things equal, shift the aggregate ____ curve to the _____.
Keynesian believe that
The aggregate demand curve is downward sloping
A change on the quantity of money causes the aggregate demand curve to shift
Changes in government spending and taxes cause the aggregate demand curve to shift
