Term
| What causes aggregate demand curves to shift to the right? |
|
Definition
-An increase in the amount of money in circulation
-Increased security about jobs and future income
-Improvements in economic conditions in other countries
-A reduction in real interest rates.
-Tax decreases
-A drop in the foreign exchange value of the dollar. |
|
|
Term
| What causes aggregate demand curves to shift to the left? |
|
Definition
-A decrease in the amount of money in circulation
-Decreased security about jobs and future income
-Declines in economic conditions in other countries.
-A rise in real interest rates.
-Tax increases
-A rise in the foreign exchange values of the dollar. |
|
|
Term
| What will shift an aggregate supply curve to the right? |
|
Definition
-Discoveries of new raw materials
-Increased competition
-A reduction in international trade barriers
-Fewer regulatory impediments to business
-An increase in the supply of labor
-Increased training and education
-A decrease in marginal tax rates
-A reduction in input prices |
|
|
Term
| What will shift an aggregate supply curve to the left? |
|
Definition
-Depletion of raw materials
-Decreased competition
-An increase in international trade barriers
-More regulatory impediments to business
-A decrease in labor supplied
-Decreased training and education
-An increase in marginal tax rates
-An increase in input prices |
|
|
