Starting from Potential Output, If Consumer Confidence Increases and Consumers

question 86

Multiple Choice

Starting from potential output, if consumer confidence increases and consumers decide to spend more, then this will shift the ______ curve to the right and generate ______.

• A)aggregate demand; a recessionary output gap
• B)aggregate supply; a recessionary output gap
• C)aggregate demand; an expansionary output gap
• D)aggregate supply; an expansionary output gap

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Definitions:

Coping Skills

Techniques or strategies used to manage stress, adapt to challenging situations, and maintain emotional well-being.

Hospitalized Patients

Individuals admitted to a hospital for treatment, observation, or surgery.

Older Adults

Individuals typically aged 65 years and older, often characterized by increased healthcare needs and varying degrees of dependency or autonomy.

Middle Adults

Individuals typically between the ages of 40 and 65, often experiencing transitions in health, social roles, and responsibilities.