Multiple Choice
In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to shift the
A) short-run aggregate supply curve to the left.
B) aggregate demand curve to the right.
C) short-run aggregate supply curve to the right.
D) aggregate demand curve to the left.
E) long-run aggregate supply curve to the left.
Correct Answer:

Verified
Correct Answer:
Verified
Q21: If policy makers choose to try to
Q23: Which of the following will reduce the
Q24: According to the model of aggregate supply
Q25: Explain the short-run and long-run effects on
Q27: Suppose the economy is initially in long-run
Q28: Investment is a particularly volatile component of
Q29: Suppose the price level falls but because
Q145: Make a list of things that would
Q343: Which of the following is most commonly
Q374: Which of the following is correct?<br>A)Short run