Multiple Choice
Suppose a stock market crash makes people feel less wealthy. What are the effects of this decrease in wealth?
A) a decrease in consumption, which shifts aggregate supply left
B) a decrease in consumption, which shifts aggregate demand left
C) an increase in consumption, which shifts aggregate supply right
D) an increase in consumption, which shifts aggregate demand right
Correct Answer:
Verified
Correct Answer:
Verified
Q43: Why is the aggregate-supply curve upward sloping
Q44: In which situation would the long-run aggregate-supply
Q45: Which of the following is NOT a
Q46: What happens when the dollar appreciates?<br>A) Canadian
Q47: An increase in the money supply raises
Q49: What is NOT included in aggregate demand?<br>A)
Q50: Which statement best characterizes the long-run aggregate-supply
Q51: Which of the following shifts the short-run,
Q52: In addition to the price level, what
Q53: Which statement characterizes business cycles?<br>A) They are