People Expect Their Incomes Will Decrease Next Year

question 361

Multiple Choice

People expect their incomes will decrease next year. As a result, the ________ will shift ________.

• A) short-run aggregate supply curve; rightward
• B) aggregate demand curve; rightward
• C) aggregate demand curve; leftward
• D) long-run aggregate supply curve; rightward

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Definitions:

Belmont Report

A foundational document in the ethics of healthcare and research, establishing ethical principles for protecting human subjects.

Autonomy

The capacity of an individual to make an informed, uncoerced decision.

Ethical Principle

Ethical principle refers to the fundamental guidelines that dictate how individuals should act based on moral duties and virtues.

Belmont Report

A foundational document in research ethics, focusing on respect for persons, beneficence, and justice.