In the Keynesian Cross Diagram,a Decline in Autonomous Consumer Expenditure

question 15

Multiple Choice

In the Keynesian cross diagram,a decline in autonomous consumer expenditure causes the aggregate demand function to shift ________,the equilibrium level of aggregate output to fall,and the IS curve to shift to the ________,everything else held constant.

• A)up;left
• B)up;right
• C)down;left
• D)down;right

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Definitions:

Abstract Reasoning

The ability to analyze information, detect patterns and relationships, and solve problems on a complex, intangible level.

Formal Operations

The final stage in Piaget's theory of cognitive development, characterized by the ability to think abstractly and logically.

Cognitive Development

The process by which individuals acquire and understand knowledge, develop problem-solving skills, and mature intellectually through various stages of life.

Sociocultural Influences

The impact of societal and cultural factors on individual behaviors, beliefs, and attitudes.