-Refer to Figure 15-2.If the economy is initially at equilibrium at $7 trillion,what is the least likely cause of the shift of the aggregate expenditure line from AE₁ to AE₂,and the shift of the aggregate demand curve from AD₁ to AD₂?
Definitions:
Risk-Averse
Characteristic of preferring to avoid risk, leading to preference for safer, more certain outcomes over riskier ones.
Marginal Utility
The additional satisfaction or utility that a consumer receives from consuming one more unit of a good or service.
Expected Value
The anticipated value or return of a variable, taking into account all possible outcomes and their probabilities.
Income
Money received, especially on a regular basis, for work or through investments.
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