Question
Identify the impact of each of the following trends on the aggregate demand curve. a. If the federal government increases its purchases of goods and
Identify the impact of each of the following trends on the aggregate demand curve.
a. If the federal government increases its purchases of goods and services then the aggregate demand curve
(Click to select)
does not shift
shifts to the right
shifts to the left
.
b. If the price level in Canada falls then the aggregate demand curve
(Click to select)
does not shift
shifts to the right
shifts to the left
.
c. If sales taxes on consumption items rise then the aggregate demand curve
(Click to select)
shifts to the left
shifts to the right
does not shift
.
d. If a technological breakthrough makes investment more attractive for Canadian businesses then the aggregate demand curve
(Click to select)
shifts to the left
shifts to the right
does not shift
.
e. If global political troubles make investment less attractive for Canadian businesses then the aggregate demand curve
(Click to select)
shifts to the right
does not shift
shifts to the left
.
f. If a boom in the American economy increases Canadian exports then the aggregate demand curve
(Click to select)
shifts to the left
shifts to the right
does not shift
.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started