Answered: According to supply-side economists,…

According to supply-side economists, the curve will shift to the caused by AD. right more investment AD: left more saving O AS: right: more investment AS: left: more saving money supp right lower

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

According to supply-side economists, the
curve will shift to the
caused
by
AD: right: more investment
AD: left: more saving
O AS: right: more investment
AS: left: more saving
money supply: right: lower interest rates

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D Question 8 When the government lowers income taxes, consumption is O stimulated; rightward shift of O stimulated; movement down along O reduced; leftward shift of O reduced; movement up along Question 9 An increase in the price of a nonlabor input such as oil will cause a movement up the SRAS curve. a leftward shift in the SRAS curve. a rightward shift in the SRAS curve. no change regarding the SRAS curve. , causing a the AD curve.