Question
All else equal, rosier expectations of the future by households and firms ______. a. Moves the economy down along a stationary AD curve. b. Shifts
All else equal, rosier expectations of the future by households and firms ______.
a. Moves the economy down along a stationary AD curve.
b. Shifts the AD curve to the right.
c. Moves the economy up along a stationary AD curve.
d. Shifts the AD curve to the left.
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Principles Of Macroeconomics
Authors: N Gregory Mankiw
7th Edition
1285165918, 9781285165912
