Which of the Following Is a Reason Why Aggregate Supply

question 62

Multiple Choice

Which of the following is a reason why aggregate supply decreased following the housing bubble collapse?

• A) Businesses could not access credit to carry out their daily operations.
• B) Consumption decreased.
• C) People stopped investing in homes.
• D) Government tax rates were altered as a response to change in aggregate output.

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Definitions:

Authoritarian Personality

A type of personality characterized by a strong adherence to authority, compliance to established norms, and submission to authority figures.

Social Dominance Orientation

An individual's degree of preference for inequality among social groups, with a high orientation favoring hierarchical superiority and a low orientation emphasizing equality.

Prejudiced

Holding preconceived opinions or judgments about someone or something without adequate knowledge or factual basis.

Prejudice

Preconceived opinion or bias against an individual or group based on their characteristics, often without proper knowledge or experience.