In the Model of Aggregate Demand and Aggregate Supply, the Initial

question 26

Multiple Choice

In the model of aggregate demand and aggregate supply, the initial impact of an increase in consumer optimism is to shift the

• A) short-run aggregate supply curve to the left.
• B) aggregate demand curve to the right.
• C) short-run aggregate supply curve to the right.
• D) aggregate demand curve to the left.
• E) long-run aggregate supply curve to the left.

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Definitions:

Directory

A form of government or administrative structure, specifically referencing the five-member committee that governed France from 1795-1799 during the later stages of the French Revolution.

Consulate

A government system or office where officials represent their country in a foreign city, chiefly dealing with administrative matters and assisting their nationals.

Authoritarian Character

A trait or demeanor characterized by strict obedience to authority at the expense of personal freedom, often found in leaders who exert absolute control over others.