A Sudden Increase in Confidence by the Business Community Could

question 49

Multiple Choice

A sudden increase in confidence by the business community could best be represented by

• A)The consumption curve shifting downward.
• B)The AS curve shifting downward.
• C)An aggregate expenditure curve shifting upward.
• D)An aggregate expenditure curve shifting downward.

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Definitions:

Subgoals

Smaller, achievable objectives set as steps that contribute towards the attainment of a larger goal.

Availability Heuristic

A mental shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.

Representativeness Heuristic

A cognitive shortcut that involves making judgments based on how much one entity represents, or is similar to, another entity.

Insight

The capacity to gain an accurate and deep understanding of someone or something.