When consumers’ expected income decreases, this leads to A. Positive shift (increase) in AD B. Negative Shift (decrease) in AD C. Positive shift (increase) in SRAS D. Negative shift (decrease) in LRAS E. Decrease in the quantity of aggregate demand (along the curve)
When consumers’ expected income decreases, this leads to A. Positive shift (increase) in AD B. Negative Shift (decrease) in AD C. Positive shift (increase) in SRAS D. Negative shift (decrease) in LRAS E. Decrease in the quantity of aggregate demand (along the curve)
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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When consumers’ expected income decreases, this leads to
A. Positive shift (increase) in AD
B. Negative Shift (decrease) in AD
C. Positive shift (increase) in SRAS
D. Negative shift (decrease) in LRAS
E. Decrease in the quantity of aggregate
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