Multiple Choice
The following list contains factors that are related to the aggregate demand curve.
1) Household expectations
2) Profit expectations
3) Degree of excess capacity
4) Personal income tax rates
5) Exchange rates
6) National income abroad
7) Government spending
8) Household wealth
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Changes in which three of the above factors would most likely cause a change in consumer spending?
A) 1, 2, and 6
B) 1, 4, and 8
C) 3, 5, and 7
D) 5, 6, and 7
Correct Answer:

Verified
Correct Answer:
Verified
Q27: When there is an increase in aggregate
Q28: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg" alt=" - Refer to
Q29: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB9951/.jpg" alt=" Refer to the
Q30: A change in household indebtedness will cause
Q31: If the U.S. dollar appreciates in value
Q33: When the price level falls:<br>A) the demand
Q34: A decrease in aggregate demand is likely
Q35: If the prices of imported resources decrease,
Q36: The magnification of small changes in spending
Q37: A decrease in aggregate demand will have