The Recession of 2007-2009 Made Many Consumers Pessimistic About Their

question 150

Multiple Choice

The recession of 2007-2009 made many consumers pessimistic about their future incomes.How does this increased pessimism affect the aggregate demand curve?

• A)This will move the economy up along a stationary aggregate demand curve.
• B)This will move the economy down along a stationary aggregate demand curve.
• C)This will shift the aggregate demand curve to the left.
• D)This will shift the aggregate demand curve to the right.

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Definitions:

Confrontational Therapy

A therapeutic approach where the therapist directly challenges the patient's beliefs and behaviors to foster change.

Interpersonal

Relating to interactions and relationships between people, often studied in psychology to understand social behaviors.

Psychodynamic

An approach in psychology that emphasizes unconscious psychological processes (such as desires and emotions) in shaping human behavior and feelings.

Gestalt Therapy

A form of psychotherapy that emphasizes personal responsibility and focuses on the present moment and self-awareness.