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
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 believe that
The aggregate demand curve is downward sloping
A change in the quantity of money causes the aggregate demand curve to shift
Changes in government spending and taxes cause the aggregate demand curve to shift
Both a and b
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 percentage of the labour force that is unemployed is the
Labour force rate
Unemployment population ratio
Unemployment rate
Employment rate
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 Keynesian, a decrease in government spending other things equal shifts the aggregate ____ curve to the
Demand : light
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 ans services offered for sale at different price levels.
Keynesian believe that
A change on the quantity of money causes the aggregate demand curve to shift
