The Leftward Shift of the AD Curve During 2007 Occurred

question 1

Multiple Choice

The leftward shift of the AD curve during 2007 occurred partly because of

• A)higher net exports.
• B)a balanced federal government budget.
• C)an increase in consumer confidence.
• D)a stock market crash.
• E)the Fed lowering interest rates.

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Definitions:

Every Hour

A term indicating that an action should be performed or an event will occur once every hour.

Milliliter

A metric unit of volume equal to one thousandth of a liter, commonly used to measure liquid quantities.

Discontinue

Termination or cessation of an action or process.

NPO

A medical abbreviation for "nil per os" or "nothing by mouth," indicating that a patient should not ingest food or fluids.