For a Given Level of Inflation, If a Rise in the Stock

question 87

Multiple Choice

For a given level of inflation, if a rise in the stock market makes consumers more willing to spend, known as the wealth effect, then the ________ shifts ________.

• A)aggregate demand curve; right
• B)short-run aggregate supply line; downward
• C)aggregate demand curve; left
• D)short-run aggregate supply line; upward

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Definitions:

Psychoanalytic Theorist

A professional in psychology who employs psychoanalytic theories that focus on unconscious processes affecting human behavior.

Franz Mesmer

An 18th-century German physician who developed a theory of animal magnetism and is considered a pioneer in the study of hypnosis.

Unconscious

Pertains to the part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions.

Psychoanalytic Theorist

An individual specializing in psychoanalytic theory, which focuses on the unconscious mind and childhood experiences in shaping personality and behavior.