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Anthony Agerton

Anthony A.

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Questions asked

ANSWERED

Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country. If policymakers do nothing, what will happen to aggregate demand? What should the Fed do to if it wants to stabilize aggregate demand? If the Fed does nothing, what should Congress do to stabilize aggregate demand?

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The government spends $3 billion to buy police cars. Explain why aggregate demand might increase more or less than $3 billion.

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Consider two policies- a tax cut that will last for only for one year and a tax cut that is expected to be permanent. Which will stimulate greater spending by consumers? Which policy will have the greater impact on aggregate demand?

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ANSWERED

What is the liquidity theory of preference? How does it explain the downward-sloping aggregate demand curve?

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