All of the Following Would Cause an Increase in the Aggregate

question 97

Multiple Choice

All of the following would cause an increase in the aggregate quantity demanded except:

• A) real value of assets and wealth rises.
• B) increase in purchasing power of money.
• C) interest rates fall.
• D) higher domestic inflation, relative to other countries.
• E) none-all of these would cause an increase in aggregate quantity demanded.

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Definitions:

Projective Tests

Psychological assessments that use ambiguous stimuli to elicit responses that are thought to reveal a person's unconscious thoughts and feelings.

Validity

The extent to which a test or instrument measures what it claims to measure accurately.

Expensive

Something that requires a high cost or a large amount of resources to obtain.

Factor Analysis

A statistical technique used to identify underlying variables, or factors, that explain the pattern of correlations among various measures.