Multiple Choice
Suppose households become more future-oriented and decide to save more at each income level. All other things unchanged, this will
A) shift the aggregate demand curve to the right.
B) shift the aggregate demand curve to the left.
C) not affect aggregate but rather aggregate supply because firms will now produce less.
D) shift both the aggregate demand curve and the aggregate supply curve to the left.
Correct Answer:
Verified
Correct Answer:
Verified
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