The Recession of 2007-2009 Made Many Consumers Pessimistic About Their

question 150

Multiple Choice

The recession of 2007-2009 made many consumers pessimistic about their future incomes.How does this increased pessimism affect the aggregate demand curve?

• A)This will move the economy up along a stationary aggregate demand curve.
• B)This will move the economy down along a stationary aggregate demand curve.
• C)This will shift the aggregate demand curve to the left.
• D)This will shift the aggregate demand curve to the right.

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Definitions:

Health Risk

The probability of experiencing harm or loss because of lifestyle, environmental, or genetic factors.

Insignificant Proportion

A term used to describe a quantity that is too small to be deemed meaningful or to have an impact in a particular context.

Social Support

The perception or actuality of assistance and solidarity available from social networks, crucial for mental and physical health.

Alameda County Study

A long-term research project that began in the 1960s, investigating how lifestyle factors such as diet, exercise, and social ties affect longevity and health.