Which of the Following Is Likely to Occur If People

question 27

Multiple Choice

Which of the following is likely to occur if people reduce their spending because they are worried about an economic downturn,ceteris paribus?

• A) Aggregate supply will decrease or shift to the left
• B) Aggregate supply will increase or shift to the right
• C) Aggregate demand will increase or shift to the right
• D) Aggregate demand will decrease or shift to the left

---

Definitions:

Promotional Strategy

A plan of action designed to effectively communicate the benefits of a product or service to the target audience to stimulate demand.

Brand Name

A distinctive name identifying a product, service, or business that differentiates it from its competitors.

Government Regulation

Laws and rules established by government bodies that dictate how individuals, businesses, and organizations can operate within a society.

Promotional Strategy

The plan devised by a company to increase awareness of its products or services, encourage sales, and improve market position.