Question: If personal income increases, Select one: A. aggregate demand will increase and shift left. B. aggregate demand will decrease and shift left. C. aggregate demand

If personal income increases,

Select one:

A. aggregate demand will increase and shift left.

B. aggregate demand will decrease and shift left.

C. aggregate demand will increase and shift right.

D. aggregate demand will decrease and shift right.

E. there will be a movement along the aggregate demand curve.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

ion 4: Quiz X Q The Great Depression in the Ur x + iz/attempt.php?attempt=667746&cmid=2041489#question-687492-9 Up GGU.EDU HELP MY COURSES - Question 6 Not yet answered Points out of 1.00 Flag...

Q:

Movie tickets is a normal good, in the market for movie tickets, a decrease in income will cause the Select one: a. demand curvefor movie tickets to shift left b. quantity demanded for movie tickets...

Q:

(3) Using the graphs above, suppose the Central Bank buys government bonds from the public. Consequently, the (demand, supply) of money (increases, decreases) and the (demand supply) curve of money...

Q:

Question 2 1 0 pts The economy is initially in long - run equilibrium then Scenario: A reduction of the import tax ( tariff ) on foreign consumer goods occurs . a ) Identify the Short - Run Impact on...

Q:

Please answer the question . just answer ,not required explanation Microenocomics 9. Analyze the impact on the price and equilibrium quantity of masks. From the announcement of the advance warning of...

Q:

Provide answers to the following: 42. Which of the following monetary and scal policy combinations would most likelyresultinadeereaseinaggxegaledemand? We mm Mittendirt: (A) lower Buy bonds Inerease...

Q:

1)Expansionary demand management policy measures tend to ... a.increase the real GDP, but reduce inflation. b.increase both inflation and the level of unemployment. c.increase the production cost,...

Q:

53. What type of tax decrease as income increases? Select one: a. Progressive b. Proportional c. Regressive 62. An increase in a country's productive potential causes the following: Select one: a....

Q:

4. If the Fed decreases the quantity of money in circulation: A) interest rates decrease, investment increases, and the aggregate demand curve shifts to the right. B) interest rates decrease,...

Q:

Expansionary monetary policy Question 38 options: a) raises interest rates, causing aggregate demand to shift to the left. b) raises interest rates, causing aggregate demand to shift to the right. c)...

Q:

How is sodium hydroxide prepared commercially?

Q:

On December 31, the capital balances and profit and loss ratios in the MRS Partnership are as follows Capital Profit and Partner Balance loss ratio B. McLaren $106,000 51% P. Ready 93,000 24% D....

Q:

Substantive tests of account balances in the payroll cycle are likely to include the following procedures except analytical review procedures recalculation of accruals comparison of accruals to...

Q:

Many of a bank's customers use its automatic teller machine to transact business after normal banking hours. During the early evening hours in the summer months, customers arrive at a certain...

Q:

3. What is happening here and now (1 is oriented towards the proactive, 2 towards the reactive and 3 is a balance between the two). c. Source of inspiration: When I communicate it is important for me...

Q:

1. What will happen in the future

Q:

3. Avoid making mistakes when reaching our goals