A Major That Resulted in the Leftward Shift of the Aggregate

question 72

Multiple Choice

A major that resulted in the leftward shift of the aggregate demand curve in late 2008 was

• A)a decrease in taxes.
• B)an increase in government spending.
• C)a price shock.
• D)a change in net exports.
• E)a decrease in consumer confidence.

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Definitions:

Conscientious

Characterized by a high level of care, diligence, and a desire to do a task well, often associated with a strong sense of duty and responsibility.

Explicit

Clearly expressed or fully revealed in the form of details, leaving no room for confusion or doubt.

Judicious

Having, showing, or done with good judgment or sense.

Crowdsourcing

The practice of engaging a crowd or group of people to contribute knowledge, ideas, skills, or services to a project or problem, often via the internet.