A Decline in Autonomous Consumer Expenditure Causes the Aggregate Demand

question 86

Multiple Choice

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:

Retail Store Space

The physical area that a retailer utilizes to display products for sale to customers within a store.

Four Ps

A marketing mix model that encompasses product, price, place, and promotion strategies in a business.

Marketing

is the activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Marketing Channel Structure

The organized framework of intermediaries and components through which a product or service moves from producer to end consumer.