Falling Oil Prices Made Consumers in Alberta Very Pessimistic About

question 86

Multiple Choice

Falling oil prices made consumers in Alberta very pessimistic about their future incomes.How will this increased pessimism affect the aggregate demand curve?

• A)It will move the economy up along a stationary aggregate demand curve.
• B)It will move the economy down along a stationary aggregate demand curve.
• C)It will shift the aggregate demand curve to the left.
• D)It will shift the aggregate demand curve to the right.
• E)It will shift aggregate supply to the left.

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Definitions:

Social Characteristics

The attributes that define and differentiate individuals in a society, including age, gender, ethnicity, and socioeconomic status among others.

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A situation or condition where entities are reliant on each other to achieve goals or function effectively.

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An approach to job design that focuses on enhancing the meaningfulness of work through connections with others and the impact of the work.

Adam Grant

An organizational psychologist known for his research on the psychology of work and leadership.