A Reduction in Business Expectations, Combined with the Imposition of New

question 64

Multiple Choice

A reduction in business expectations, combined with the imposition of new tariffs by major trading partners, would have what effect on aggregate demand?

• A)​AD would increase.
• B)​AD would decrease.
• C)​AD would stay the same.
• D)​AD could either increase or decrease, depending on which change was of a greater magnitude.

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Definitions:

Temperaments

Physiological dispositions to respond to the environment in certain ways; they are present in infancy and in many nonhuman species and are assumed to be innate.

Personalities

The combination of characteristics or qualities that form an individual's distinctive character.

Aptitudes

Natural abilities or talents that determine how well someone can perform a certain task or activity with the potential for future development.

Traits

Enduring characteristics or qualities that define an individual's personality.