A Decrease in Aggregate Demand Is Most Likely to Be

question 115

Multiple Choice

A decrease in aggregate demand is most likely to be caused by:

• A)an increase in the wealth of consumers.
• B)an increase in consumer confidence.
• C)an increase in interest rates for home mortgages.
• D)a decrease in tax rates on household income.

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Definitions:

Prolonged Period

Refers to a time span that extends longer than usual or expected.

Rousseau

Jean-Jacques Rousseau, a Genevan philosopher, writer, and composer of the 18th century, known for his influential thoughts on education and social contract theory.

Hobbes

An English philosopher, best known for his political philosophy that includes the social contract theory found in his work "Leviathan."

Pristine State

Refers to the original, unaltered condition of something, often implying purity or untouched quality.