2. In the following table, determine how each event affects the position of the aggregate demand curve. Direction of AD Curve Shift Event Left Right No Shift A decrease in consumer confidence (suggests people believe a contraction/recession coming). A decrease in individual income tax rates An increase in the value/price of housing
2. In the following table, determine how each event affects the position of the aggregate demand curve. Direction of AD Curve Shift Event Left Right No Shift A decrease in consumer confidence (suggests people believe a contraction/recession coming). A decrease in individual income tax rates An increase in the value/price of housing
Chapter22: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 1P
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