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Which of the Following Is Likely to Occur If People

Question 27

Multiple Choice

Which of the following is likely to occur if people reduce their spending because they are worried about an economic downturn,ceteris paribus?


A) Aggregate supply will decrease or shift to the left
B) Aggregate supply will increase or shift to the right
C) Aggregate demand will increase or shift to the right
D) Aggregate demand will decrease or shift to the left

Correct Answer:

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