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Author Question: Which of the following explains why the AD curve is downward sloping? a. a lower price level ... (Read 49 times)

acc299

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on: Jun 30, 2018
Which of the following explains why the AD curve is downward sloping?
 
  a. a lower price level forces the government to reduce taxes, shifting the IS curve to the right and increasing income.
  b. A lower price level forces the central bank to increase the money supply, shifting the LM curve to the right and increasing income.
  c. A lower price level increases real money balances, shifting the LM curve to the right and increasing income.
  d. none of the above are correct.

Question 2

The Navigation Acts (1651 and later amendments) were intended to promote shipping and international commerce.
 
  Indicate whether the statement is true or false


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lkoler

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Reply #1 on: Jun 30, 2018
Answer to Question 1

C

Answer to Question 2

True


acc299

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Reply 2 on: Jun 30, 2018
Excellent

vickybb89

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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