An increase in aggregate demand is seen as a(n) the aggregate demand curve. shif

Question

An increase in aggregate demand is seen as a(n) the aggregate demand curve. shift to the right in downward movement along upward movement along shift to the left in0 If government increases income tax rates, the aggregate demand curve is likely to: shift to the right, shift to the left. remain constant. become positively sloped. Which of the following will increase short-run aggregate supply? a law that requires health insurance for all employees an increase in the aggregate price level a large decrease in the price of oil an increase in the minimum wage The long-run aggregate supply curve is vertical because in the long run: technological progress outpaces raises in nominal wages. all factors of production increase. the price of labor is flexible, while the price of physical capital is fixed. all prices are flexible.

Explanation / Answer

5) a) Shift to the right in

6)B) shift to left.

7) C) a large decrease in the price of oil.

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