If Some Non-Price-Level Determinant Causes Total Spending to Increase,what Will

question 84

Multiple Choice

If some non-price-level determinant causes total spending to increase,what will the effect on aggregate demand be?

• A)a shift to the right
• B)a movement upward along the curve
• C)a shift to the left
• D)a movement downward along the curve

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Definitions:

Services

Economic activities that provide intangible products, such as healthcare, entertainment, and financial services, to consumers.

Cottage Industry

A small-scale industry where products are handcrafted in a home-setting, often involving traditional methods.

Division Of Labor

The allocation of different parts of a manufacturing process or task to different individuals or groups to improve efficiency and productivity.

Production

The process of combining various inputs like labor, capital, and raw materials to make goods or provide services.