A Decrease in Consumer Spending Can Be Expected to Shift

question 174

Multiple Choice

A decrease in consumer spending can be expected to shift the

• A) aggregate expenditures curve downward and the aggregate demand curve leftward.
• B) aggregate expenditures curve upward and the aggregate demand curve leftward.
• C) aggregate expenditures curve downward and the aggregate demand curve rightward.
• D) aggregate expenditures curve upward and the aggregate demand curve rightward.

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Definitions:

Transaction

A business event or exchange between two or more parties that has a financial impact on the accounts of the entities involved.

Trial Balance

A bookkeeping report that lists the balances of all ledger accounts at a specific point in time, used to verify the mathematical accuracy of the accounts.

Trial Balance

An accounting report that lists the balances of all ledgers accounts to check the mathematical accuracy of the bookkeeping entries.

Accuracy

The degree to which the result of a measurement, calculation, or specification conforms to the correct value or a standard.