Which One of the Following Will Cause a Movement Down

question 230

Multiple Choice

Which one of the following will cause a movement down along an economy's consumption schedule?

• A) an increase in stock prices
• B) a decrease in stock prices
• C) an increase in consumer indebtedness
• D) a decrease in disposable income

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Definitions:

Self-Serving Bias

The common human tendency to attribute positive events to their own character but attribute negative events to external factors.

Personal Experience

An individual’s direct observation or participation in events, forming the basis for knowledge, attitudes, or beliefs.

Inherited

The transfer of physical, genetic, or characteristic traits from parents to offspring through genes.

Innate

Qualities, abilities, or knowledge that are inborn or present naturally rather than acquired.