Assuming All Else Equal,if a Household Is Pessimistic About Future

question 201

Multiple Choice

Assuming all else equal,if a household is pessimistic about future income,it is likely to cause a(n) ________ the current credit supply curve of the household.

• A) downward movement along
• B) upward movement along
• C) right shift of
• D) left shift of

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Definitions:

Competent Parties

Individuals or entities that are legally capable of entering into a contract, meaning they have the mental capacity and legal authority to do so.

Economic Duress

This involves the use of unlawful pressure or threats by one party to compel another party to act in a way that is against their will or financial interest.

Subjective Evidence

Information or proof based on personal feelings, opinions, or tastes, rather than concrete facts.

Acquiesce

The reluctant acceptance or agreement without protest, often implicitly.