Author Question: In the aggregate expenditures model, a tax increase causes a(n): a. upward shift in the aggregate ... (Read 68 times)

Arii_bell · **on:** Jun 30, 2018

In the aggregate expenditures model, a tax increase causes a(n):
a. upward shift in the aggregate expenditures curve.
b. downward shift in the aggregate expenditures curve.
c. shift in the 45-degree line.
d. rightward movement along the aggregate expenditures curve.
e. leftward movement along the aggregate expenditures curve.

Question 2

The Federal Reserve System was created by act of Congress in 1931 in an effort to end a wave of bank failures brought on by the Great Depression.
a. True
b. False
Indicate whether the statement is true or false