If Every Household in Australia Won a Lottery Which Gave

question 19

Multiple Choice

If every household in Australia won a lottery which gave each of them an extra $50 000 to spend,the:

• A)aggregate supply curve would shift to the right.
• B)aggregate supply curve would shift to the left.
• C)general price level would rise, causing a movement up the aggregate demand curve.
• D)aggregate demand curve would shift to the left.
• E)aggregate demand curve would shift to the right.

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Definitions:

Phototherapy

A treatment method that involves the use of light to treat certain medical conditions.

Schizophrenia

A serious mental disorder characterized by disturbances in thought, perception, emotions, language, sense of self, and behavior, often resulting in hallucinations, delusions, and cognitive difficulties.

Bipolar Disorder

A mental health condition characterized by extreme mood swings that include emotional highs (manias) and lows (depressions).

Cognitive-behavioral Therapy

Cognitive-behavioral Therapy is a form of psychotherapy that treats problems by modifying dysfunctional behaviors, thoughts, and emotions.