Other Things the Same,an Increase in the Amount of Capital

question 7

Multiple Choice

Other things the same,an increase in the amount of capital firms wish to purchase would initially shift

• A)aggregate demand right.
• B)aggregate demand left.
• C)aggregate supply right.
• D)aggregate supply left.

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Definitions:

Consumer Price Index

An index that measures the weighted average price of a group of consumer essentials, including transportation, medical care, and food.

Standard of Living

The degree of prosperity, amenities, tangible assets, and basic needs accessible to an individual, community, or country.

Consumer Price Index

A tool that measures the typical fluctuation across time in the costs faced by urban shoppers for a specified mix of consumer goods and services.

GDP Deflator

A measure of the price level of all new, domestically produced, final goods and services in an economy, used to adjust nominal GDP to real GDP.