An Increase in Consumer Spending Caused by an Increase in Consumer

question 87

Multiple Choice

An increase in consumer spending caused by an increase in consumer confidence would cause

• A)the aggregate demand curve to shift up and to the right.
• B)the aggregate demand curve to shift down and to the left.
• C)a movement down and to the right along the aggregate demand curve.
• D)a movement up and to the left along the aggregate demand curve.

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Definitions:

Cohesiveness

The quality of being united, sticking together, or the degree to which members of a group or team are attracted to each other and motivated to stay in the group.

Groupthink

A psychological phenomenon where the desire for harmony in a decision-making group overrides a realistic appraisal of alternatives.

Role Ambiguity

The uncertainty encountered by individuals regarding the expectations of their role or responsibilities.

Role Overload

A condition where an individual is expected to fulfill too many roles simultaneously, leading to stress and potential burnout.