Pessimism Suppose the Economy Is in Long-Run Equilibrium. Then Because of of Corporate

question 62

Multiple Choice

Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.


-Refer to Optimism.Which curve shifts and in which direction?

• A)aggregate demand shifts right
• B)aggregate demand shifts left
• C)aggregate supply shifts right.
• D)aggregate supply shifts left.

---

Definitions:

Hind Limbs

The pair of posterior limbs found in various vertebrates, functioning in locomotion, support, and in some species, manipulation of objects.

Mammary Glands

Specialized organs in mammals responsible for producing milk to nourish newborns, a key trait for the class Mammalia.

Hemagglutinin Protein

A surface protein found on influenza viruses that facilitates their entry into host cells by binding to sialic acid receptors.

Vaccinated

The state of having received a vaccine, which induces an immune response to protect against specific diseases.