Multiple Choice
Suppose a stock market boom makes people feel wealthier. What are the effects of this increase in wealth?
A) increased consumption, which shifts the aggregate-demand curve right
B) increased consumption, which shifts the aggregate-demand curve left
C) decreased consumption, which shifts the aggregate-demand curve right
D) decreased consumption, which shifts the aggregate-demand curve left
Correct Answer:
Verified
Correct Answer:
Verified
Q247: When the government spends more, what is
Q248: Why does an increase in the price
Q249: What are the effects of an increase
Q250: Scenario 14-1<br>The economy is in long-run equilibrium.
Q251: Which statement best describes the effects of
Q253: How do changes in the price of
Q254: Which of the following shifts the short-run
Q255: Which of the following shifts the short-run
Q256: Figure 14-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7554/.jpg" alt="Figure 14-1
Q257: Why is the aggregate demand curve downward