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:

HRM

Human Resource Management, the strategic approach to the effective management of people in an organization, focusing on policies and systems.

Environmental Scanners

Individuals or tools that continuously monitor an organization’s external and internal environment to detect early signs of opportunities and threats that may influence strategic planning.

Critical Events

Significant occurrences that have a profound impact on an organization, requiring immediate attention and action.

Competitive Intelligence

The gathering and analysis of information about competitors' activities and strategies to inform business decision-making.