What vertical axis for an aggregate demand curve measures

Reference no: EM13219522

1.Which of the following would decrease aggregate demand? a) an improvement in consumer confidence b) a decrease in the foreign exchange value of the dollar c) an increase in the relative price of domestic goods versus foreign goods d) a decrease in taxes

2) The vertical axis for an aggregate demand curve measures a) real GDP per year. b) the price level. c) nominal GDP per year. d) real income.

3) All of the following would cause the aggregate demand curve to shift EXCEPT a) improving levels of prosperity in other countries. b) a decrease in the price level. c) a deterioration of overall consumer confidence. d) an improvement in overall consumer confidence.

Reference no: EM13219522

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