In March 2020, as the Covid-19 recession hit the world, consumers became pessimistic about their future incomes. How did this increased pessimism affect the aggregate demand curve in the year 2020? Group of answer choices This will shift the aggregate demand curve to the right. This will move the economy down along a stationary aggregate demand curve. This will move the economy up along a stationary aggregate demand curve. This will shift the aggregate demand curve to the left.
In March 2020, as the Covid-19 recession hit the world, consumers became pessimistic about their future incomes. How did this increased pessimism affect the aggregate demand curve in the year 2020? Group of answer choices This will shift the aggregate demand curve to the right. This will move the economy down along a stationary aggregate demand curve. This will move the economy up along a stationary aggregate demand curve. This will shift the aggregate demand curve to the left.
Chapter8: Macroeconomic Equilibrium: Aggregate Demand And Supply
Section: Chapter Questions
Problem 11E
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Question
In March 2020, as the Covid-19 recession hit the world, consumers became pessimistic about their future incomes. How did this increased pessimism affect the aggregate
Group of answer choices
This will shift the aggregate demand curve to the right.
This will move the economy down along a stationary aggregate demand curve.
This will move the economy up along a stationary aggregate demand curve.
This will shift the aggregate demand curve to the left.
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