Multiple Choice
A sudden increase in household wealth is an example of a ______ demand shock, which would shift the AD curve to the ______.
A) negative; left
B) positive; left
C) negative; right
D) positive; right
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q13: Graphically, short-run equilibrium occurs at the intersection
Q31: An example of an negative inflation shock
Q33: For a given inflation rate, if a
Q41: Starting from potential output, if firms become
Q44: A positive demand shock will shift the
Q47: When actual output is less than potential
Q55: When the interest rate in the U.S.rises,
Q79: When the inflation rate decreases, PAE _,
Q91: Starting from potential output, if consumer confidence
Q151: The self-correcting tendency of the economy means