In figure 3 to increase aggregate demand, the government could. increase governm

Question

In figure 3 to increase aggregate demand, the government could. increase government spending increase taxation decrease the money supply all of the above none of the above In figure 3 aggregate demand includes: labor costs private consumption spending savings all of the above none of the above In figure 3 to increase aggregate supply the government could: lower income tax rates increase patent lengths subsidize research and development all of the above none of the above In figure 3 an increase in government spending will cause the price level to: rise fall stay the same rise, then fall none of the above In figure 3 increase in aggregate demand can be mistimed as it takes time to: recognize a problem in the economy get Congress to act have the administration spend appropriations all of the above none of the above

Explanation / Answer

a. b d. These factors decrease cost of production so supply increases. a. Governemnt spending increases aggregate demand leading it to shift towards right and prices increase. d

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