A Decline in Autonomous Consumer Expenditure Causes the Aggregate Demand

question 105

Multiple Choice

A decline in autonomous consumer expenditure causes the aggregate demand function to shift ________ and the equilibrium level of aggregate output to ________, everything else held constant.

• A) up; rise
• B) up; fall
• C) down; rise
• D) down; fall

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Definitions:

Reality Check

An assessment to determine if one's perceptions or beliefs align with the actual situation.

Self-Assessment

The process through which an individual evaluates their own skills, qualities, and performance, often in a professional or educational context.

Glass Ceiling

An invisible barrier that prevents certain individuals or groups, often women and minorities, from advancing beyond a certain level in a hierarchy due to biases.

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