In the Short Run, the Dominant Effect of Deficit Reduction

question 160

Multiple Choice

In the short run, the dominant effect of deficit reduction causes an

• A)outward shift of the aggregate supply curve.
• B)inward shift of the aggregate supply curve.
• C)outward shift of the aggregate demand curve.
• D)inward shift of the aggregate demand curve.

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Definitions:

Histogram

A graphical representation of data using bars of different heights to illustrate the distribution of variables within intervals.

Peakedness

A characteristic of a distribution's shape that describes the sharpness or flatness of its peak, often related to the concept of kurtosis.

Symmetrical

A geometric or statistical property indicating that a shape, distribution, or pattern exhibits similarity across a central axis or point.