ECON 1010 Study Guide - Midterm Guide: Aggregate Demand, Aggregate Supply, Potential Output
3 Aug 2017
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Econ 1010 o, t - - mid term test winter 2014- - version 1. Choose the one alternative that best completes the statement or answers the question: for the aggregate economy, income equals. 6: investors, anticipating an erosion of financial wealth due to inflation, decide to save more. As a result, aggregate demand decreases: the government reduces the goods and services tax. As a result, consumption expenditure increases and aggregate demand increases: the bank of canada raises interest rates so people plan to buy less consumer durables. As a result, the aggregate demand curve shifts leftward: the exchange rate value of the canadian dollar rises. U. s. - canada border increase their imports of goods and net exports decrease: both a and c are examples of fiscal policy. Use the figure below to answer the following questions: refer to figure 20. 1. 1, which shows the circular flow of expenditure and income for venus.
