Question
During a recession consumption falls, causing the aggregatedemand curve to shift to the ________. In response, the governmentcan increase government spending to shift the ________.
During a recession consumption falls, causing the aggregatedemand curve to shift to the ________. In response, the governmentcan increase government spending to shift the ________.
a. | left; aggregate demand (AD) curve to the right |
b. | left; short-run aggregate supply (SRAS) curve to the right |
c. | right; aggregate demand (AD) curve to the left |
d. | right; short-run aggregate supply (SRAS) curve to the right |
e. | left; long-run aggregate supply (LRAS) curve to the right |
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Economics of Money, Banking and Financial Markets
Authors: Frederic S. Mishkin
9th Edition
978-0321607751, 9780321599797, 321607759, 0321599799, 978-0321598905
