Suppose a Shift in Aggregate Demand Creates an Economic Contraction

question 91

Multiple Choice

Suppose a shift in aggregate demand creates an economic contraction.If policymakers can respond with sufficient speed and precision,they can offset the initial shift by shifting

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

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Definitions:

Marketing Mix

The combination of factors that can be controlled by a company to influence consumers to purchase its products, traditionally identified as product, price, place, and promotion.

Stable

Firm, steady, or not prone to sudden changes or deterioration, often used to describe economic or environmental conditions.

True Fan

A dedicated supporter or enthusiast of a particular product, brand, musician, etc., whose loyalty is strong and enduring.

Apple Products

Consumer electronics and software products developed by Apple Inc., such as iPhones, iPads, and Mac computers.