If Europe Has a Large Increase in Income, What Will

question 60

Multiple Choice

If Europe has a large increase in income, what will happen in the United States?

• A) The aggregate demand curve will shift to the right.
• B) The aggregate demand curve will shift to the left.
• C) The aggregate demand curve will not change.
• D) The aggregate demand curve will shift to the left in the short run and then to the right in the long run.

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Definitions:

Benefit

An advantage, improvement, or gain received from a product or service, contributing to the satisfaction or well-being of a customer.

Tennis Racquet

A sports equipment specifically designed for the game of tennis, consisting of a handled frame with an open hoop across which a network of strings or catgut is stretched tightly.

Economic Need

A requirement for something essential related to the well-being or financial stability of an individual or society.