-In the Figure Above,the Shift in the Aggregate Demand Curve

question 21

Multiple Choice

-In the figure above,the shift in the aggregate demand curve from AD₁ to AD₃ could be the result of

• A)a fall in the price level.
• B)a tax cut.
• C)an increased expectation of a recession that lowers people's expected future incomes.
• D)a rise in the price level.
• E)a decrease in the foreign exchange rate.

---

Definitions:

Observations

Data points or values recorded during an experiment or study.

Sample

A subset of individuals, items, or data from a larger population used to estimate characteristics of the whole population.

Mean Times

The average duration or period for an event or series of events.

Observations

Data collected during an experiment or study, often recorded as evidence or for analysis.