A Major That Resulted in the Leftward Shift of the Aggregate

question 72

Multiple Choice

A major that resulted in the leftward shift of the aggregate demand curve in late 2008 was

• A)a decrease in taxes.
• B)an increase in government spending.
• C)a price shock.
• D)a change in net exports.
• E)a decrease in consumer confidence.

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Definitions:

Journal Entry

Journal Entry is a record in accounting that logs the debit and credit of a transaction in the general ledger, documenting financial transactions systematically.

Retirement

The period in life when an individual stops working on a full-time basis, typically supported by savings, pensions, or retirement plans.

Note Amortization Table

A schedule detailing each payment on an amortizing loan, including amounts allocated for principal and interest over a specified period.

Annual End-of-year Payments

Payments made at the end of each fiscal year, often referring to dividends, bonuses, or installment payments due.