The following list of items are related to aggregate demand and/or aggregate supply.
-Refer to the above list.A change in which factor is most likely to change both aggregate demand and aggregate supply?
Definitions:
Base-Rate Information
Statistical information about the general frequency of an event or characteristic within a relevant population.
Availability Heuristic
A quick mental approach that depends on the first examples that are thought of when assessing a particular subject, idea, technique, or choice.
Critical Thinking
The ability to analyze facts, generate and organize ideas, defend opinions, make comparisons, draw inferences, evaluate arguments and solve problems.
Confirmation Bias
The tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.
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