As a Generalization, It Can Be Said That

question 6

Multiple Choice

As a generalization, it can be said that

• A)aggregate demand shifts to the right every year, but aggregate supply rarely does.
• B)aggregate supply shifts to the right every year, but aggregate demand rarely does.
• C)both aggregate demand and aggregate supply shift to the right each year.
• D)neither aggregate demand nor aggregate supply curve shifts to the right each year.

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Definitions:

Relative Age Effect

The influence that the month of birth has on various aspects of an individual's life, such as academic achievements or sports performance.

Certain Foods

Specific dietary items that are singled out or identified for any number of reasons, such as health benefits or dietary restrictions.

Human Nature

The general psychological characteristics, feelings, and behavioral traits of humankind, regarded as shared by all humans.

Money Relationship

The way individuals perceive, interact, and manage their finances and views on money.