One of the reasons why the AD curve slopes downward is a. as the price level rises, purchasing power rises. A lower icome tax rate a. stimulates consumption, causing a rightward shift of the AD curve. Borrowers benefit the most when there is an a. anticipated increase in inflation. Structural unemployment is due to a. technology change or foreign competition. Frictional unemployment is due to a. technology change or foreign competition.
Cyclical unemployment is due to a. technology change or foreign competition.
Gross domestic product is the value of a. final goods and services produced. Electronic toys produced in the United States 11. Intermediate goods are a. goods and services produced for consumers. A trend CPI growth rate of 1 percent implies that GDP will double in a. 70 years. Changes in which of the following will NOT cause the AS curve to shift a. the wage rate.