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Aggregate consumption decreases as consumer confidence falls. Aggregate demand shifts (Click to select) to the right to the left .
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- A sudden increase in consumer spending will shift the aggregate demand curve to the right and lower the price level/inflation and increase the level of GDP output. True /Falseimprovements in productivity shift the aggregate supply curve outward. true falseAssume there is no change in aggregate supply and no change in government policy, an increase in consumer confidence will ______ unemployment and price level will _______.
- Which of the following will not cause Australia's Aggregate Demand curve to shift to the right? Consumers increase the proportion of their spending that is spent on imports Tax rates are decreased There is an increase in government spending The Australian dollar depreciatesIf aggregate demand is less than output a. Firms cut production to increase inventories b. Firms expand production to increase inventories c. Firms cut production to avoid accumulating inventories d. Firms expand production to avoid accumulating inveAggregate demand is the total quantity of output A)consumers actually buy. B) producers are able and willing to supply at different price levels. C) demanded if the economy is in equilibrium. D) demanded at different price levels in a given time period.
- Which of the following would not increase Aggregate Demand? a. Increased Consumption b. Increased Government Expenditure c. Increased Investment Expenditure d. Decrease in the overall price levela recessionary gap exists when aggregate demand is above the full employment level of output true falseAggregate demand shifts right when the government Group of answer choices increases infrastructure expenditures. decreases the money supply. removes an investment tax credit increases taxes.
- Suppose an aggregate supply curve shifts right and this is the only change in the economy. What will certainly NOT happen? Group of answer choices Lower output Lower price level Higher output Aggregate demand curve remains unchangedIdentify how each of the following changes will affect Aggregate Demand An increase in consumers disposable income A decrease in Investment spending due to pessimistic forecasts concerning the future A global pandemic resulting in business closures and an increase in the unemployment level The federal government increases spending on roads, bridges, and school repairs The federal government reduces the federal income tax resulting in an increase in household disposable incomeWhich of the following would shift the U.S. aggregate demand to the right? A world economic recession. Canada reduced the demand for U.S. products. European countries increased the demand for U.S. products. S. companies increased the imports of oil.
