Supply and Demand

A. substitutes inferior
B. normal, complements
C. substitutes complements
D. normal, inferior

A. inelastic; increase
B. elastic; increase
C. elastic, decrease
D. none of the above

A. shift aggregate supply to the right
B. shift aggregate supply to the left
C. shift aggregate demand to the right
D. shift aggregate demand to the left

A. shift aggregate supply to the right
B. shift aggregate supply to the left
C. shift aggregate demand to the right
D. shift aggregate demand to the left

A. increase consumption
B. increasing export revenue
C. increased taxation revenue
D. increased investment

A. Aggregate supply is price inelastic
B. Aggregate supply is price elastic
C. Aggregate supply has a unitary price elasticity
D. Aggregate demand is price inelastic

A. Reduce the general price level and reduce national income
B. Reduce the general price level and increase national income
C. Increase the general price level and reduce national income
D. Increase the general price level and increase national income

A. +2
B. +0.5
C. -2
D. -0.5

A. A shift in supply outwards
B. A shift in supply inwards
C. A contraction of supply
D. An extension of supply

A. Demand shifts outwards
B. The supply curve shifts inwards
C. The quantity supplied falls when the price falls
D. The supply curve shifts outwards