Aggregate Demand Shifts Right If at a Given Price Level

question 341

Multiple Choice

Aggregate demand shifts right if at a given price level

• A)net exports rise and shifts left if the money supply increases.
• B)net exports rise and shifts right if the money supply increases.
• C)net exports fall and shifts left if the money supply increases.
• D)net exports fall and shifts right if the money supply increases.

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Definitions:

Employees

Individuals hired by a business or organization to perform work in exchange for compensation.

FICA Taxes

Taxes imposed on both employers and employees to fund Social Security and Medicare in the United States.

Retirement Benefits

Payments or other benefits provided to employees after they retire, such as pensions or health insurance.

FICA-OASDI

Federal Insurance Contributions Act - Old Age, Survivors, and Disability Insurance, the tax withholding that funds Social Security and Medicare.