An Increase in Consumer Confidence Would Shift The

question 93

Multiple Choice

An increase in consumer confidence would shift the:

• A)aggregate demand curve rightward.
• B)aggregate demand curve leftward.
• C)aggregate supply curve rightward.
• D)aggregate supply curve leftward.

---

Definitions:

Smoothing Constant

A coefficient used in exponential smoothing to weight the relevance of historical data.

Autoregressive Model

A statistical model that predicts future behavior based on past values.

Absolute Differences

Absolute differences involve calculating the absolute value of the difference between two numbers, emphasizing the magnitude of the difference without considering direction.

Seasonal Variation

Seasonal variation refers to periodic fluctuations in statistical data that occur at the same time every year, often due to the influence of social, economic, or environmental factors.