Which of the Following Would Cause the AD Curve to Shift

question 192

Multiple Choice

Which of the following would cause the AD curve to shift to the left?

• A) higher government budget deficits
• B) increased growth in imports
• C) lower growth rate of output
• D) lower taxes

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Definitions:

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, embracing differences in values, traditions, beliefs, and lifestyles.

Heuristics

Heuristics are mental shortcuts that simplify decision making.

Algorithms

Step-by-step procedures or formulas for solving problems, often used in mathematics and computer science.

Mental Sets

The tendency to approach problems in a certain way due to past experiences, even when a different approach might be more productive.