If There Is an Increase in Expected Future Income,then

question 1

Multiple Choice

If there is an increase in expected future income,then

• A)the aggregate demand curve shifts rightward.
• B)the aggregate demand curve shifts leftward.
• C)there is an upward movement along the aggregate demand curve.
• D)there is a downward movement along the aggregate demand curve.
• E)the aggregate demand curve becomes steeper.

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Definitions:

Store Of Value

An asset that can be saved, retrieved, and exchanged at a later time, and is predictably useful in the future to purchase goods and services.

Medium Of Exchange

A system or object that is widely accepted in exchange for goods and services, facilitating trade by eliminating the need for a barter system.

Unit Of Account

A standard numerical monetary unit of measurement that provides a uniform measure of the value of goods and services.

Bank Failures

Occurs when a bank is unable to meet its obligations to depositors or creditors and is taken over by a regulatory agency.