Rising oil prices in the U.S. during the 1970s caused the economy’s ( )
A: aggregate supply curve to shift to the right.
B: aggregate supply curve to shift to the left.
C: aggregate demand curve to become vertical.
D: aggregate demand curve to become horizontal.
A: aggregate supply curve to shift to the right.
B: aggregate supply curve to shift to the left.
C: aggregate demand curve to become vertical.
D: aggregate demand curve to become horizontal.
举一反三
- When taxes increase, consumption A: increases, so aggregate demand shifts right B: increases, so aggregate supply shifts right C: decreases, so aggregate demand shifts left D: decreases, so aggregate supply shifts left
- Which of the following is NOT a result of a temporary fall in foreign demand on one country's exports under floating exchange rate? ( ) A: The AA curve shifts downwards due to reduction of money supply. B: A fall in aggregate output C: A fall in the home interest rate D: The DD curve shifts to the left due to reduction of aggregate demand.
- Monopoly maximizes its profit mainly rely on its ___. A: demand curve B: cost curve C: supply curve D: demand curve and cost curve
- An increase in labor productivity shifts the A: labor demand curve rightward. B: labor demand curve leftward. C: labor supply curve rightward. D: labor supply curve leftward
- When<br/>taxes increase, consumption () A: decreases<br/>as shown by a movement to the left along a given aggregate demand<br/>curve. B: decreases<br/>as shown by shifting aggregate demand to the left. C: increases<br/>as shown by shifting aggregate supply the left. D: None<br/>of the above is correct.