Assume That the Economy Is in a Recession and Consumers

question 145

Multiple Choice

Assume that the economy is in a recession and consumers are expecting a fall in their income levels.This will cause a(n) ________.

• A) leftward shift in the market demand for all goods
• B) rightward shift in the market demand for all goods
• C) increase in the total quantity demanded of all goods
• D) decrease in the total quantity demanded of all goods

---

Definitions:

Explicit

Clearly stated, defined, or detailed, leaving no room for confusion or interpretation.

Limited Capacity

The concept that there is a finite amount of information or stimuli that an individual can process at any given time.

Sensory Register

A cognitive system that temporarily holds sensory information in its original sensory form until it can be processed further.

Parallel Distributed Processing

A computational approach in cognitive science that models thought processes using networks that parallel human brain’s neural networks.