Consider the AD/AS Model

question 60

Multiple Choice

Consider the AD/AS model. Suppose there is an increase in autonomous desired consumption at a given price level. The result is

• A)the AE curve shifts upward and the AD curve shifts to the right.
• B)the AE curve shifts downward and the AD curve shifts to the right.
• C)no change in either the AE or the AD curve.
• D)the AE curve shifts upward and the AD curve shifts to the left.
• E)the AE curve shifts downward and the AD curve shifts to the left.

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Definitions:

Rightness Or Wrongness

Refers to the moral quality of actions, decisions, or behaviors as being morally correct or incorrect.

Survival Instinct

The innate or natural tendency to act or respond in a way that ensures survival and protection of oneself.

Social Egalitarians

Advocates for social equality, striving for equal rights and opportunities among all people within a society.

Goods And Services

The tangible products (goods) and intangible items (services) that satisfy human wants or needs and are offered in the marketplace.