The Leftward Shift of the Aggregate Demand Curve in 2007

question 134

Multiple Choice

The leftward shift of the aggregate demand curve in 2007 is explained in part by

• A)a change in net exports.
• B)a sharp increase in oil prices.
• C)a decrease in government spending.
• D)a change in monetary policy.
• E)an increase in taxes.

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Definitions:

Appeal to Authority

A logical fallacy where the argument relies on the opinion or position of an authority figure instead of concrete evidence.

Expert Credibility

The level of trustworthiness, expertise, and authority attributed to a person based on their knowledge or experience in a particular field.

Opponent

An individual or group who holds a position counter to one's own in a debate, argument, or competition.

Appeal to Authority

A logical fallacy that occurs when someone argues that a claim is true simply because an expert or authority asserts it to be true, without further evidence.