Social Studies, 12.10.2019 22:10 ashliemallen
Which best summarizes and explains the most likely change in short-run aggregate demand based on the information above?
a) the tariff will have no impact on aggregate demand in the short-run.
b) the tariff will cause imports to increase , therefore shifting the aggregate demand curve to the left.
c) the tariff will cause imports to increase while increasing demand for domestic goods and resources, therefore shifting the aggregate demand curve to the left.
d) the tariff will cause imports to decrease while increasing demand for domestic goods and resources, therefore shifting the aggregate demand curve to the right.
Answers: 3
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