The Changes in Aggregate Demand and Aggregate Supply as a Result

question 52

Multiple Choice

The changes in aggregate demand and aggregate supply as a result of the housing bubble collapse caused output to:

• A) fall dramatically and immediately.
• B) stay the same, since the curves moved in opposite directions.
• C) rise temporarily, then fall.
• D) fall at a relatively slow rate over time.

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Definitions:

Awareness

The state or ability to perceive, feel, or be conscious of events, objects, or sensory patterns.

Adaptors

Nonverbal behaviors that satisfy a personal need and help a person adapt or respond to the immediate situation.

Illustrators

Nonverbal gestures that accompany speech, often used to emphasize or clarify verbal messages, such as pointing or using hand movements.

Affect Displays

Nonverbal behaviors that communicate emotions.