Author Question: When spending by the federal government exceeds net taxes, _____. a. the price level tends to fall ... (Read 70 times)

lracut11 · **on:** Jun 30, 2018

When spending by the federal government exceeds net taxes, _____.
a. the price level tends to fall
b. the money supply must fall
c. the aggregate demand curve shifts rightward
d. aggregate supply moves rightward
e. there is a federal budget surplus

Question 2

Each short-run average total cost curve is tangent at its lowest point to the long-run average cost curve.
a. True
b. False
Indicate whether the statement is true or false