Assuming a Long-Run Aggregate Supply Curve, a Decrease in Consumer

question 120

Multiple Choice

Assuming a long-run aggregate supply curve, a decrease in consumer confidence results in _______ in output and _______ in prices.

• A)a decrease; no change
• B)no change; a decrease
• C)a decrease; a decrease
• D)an increase; no change

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Definitions:

Electricity

A form of energy resulting from the existence of charged particles, either statically as an accumulation of charge or dynamically as a current.

Intermolecular Forces

The forces of attraction or repulsion which act between neighboring particles (atoms, molecules, or ions).

Electrostatic Attractions

The force that draws particles together that have opposite electric charges, important in numerous biological processes.

Dissociated Ions

Ions that are separated from each other in solution, typically as a result of dissolving ionic compounds in a solvent.