The Aggregate Demand Curve Will Shift to the Left If

question 99

Multiple Choice

The aggregate demand curve will shift to the left if

• A) people are more optimistic about their future.
• B) a reduction in the price level pushes down borrowing costs.
• C) government expenditures increase.
• D) the nation's exports decrease.

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Definitions:

Life Chances

The opportunities that people have in common by virtue of belonging to a particular class.

Class Revolution

A fundamental and profound change in a society's class structure, often associated with social and political upheaval aimed at redistributing power and resources.

Karl Marx

A philosopher, economist, and revolutionary who developed the theory of Marxism, highlighting the class struggle and the need for the working class to overthrow capitalist societies.

Lower Class

A socioeconomic group characterized by lower income, limited access to resources and opportunities, often facing economic and social challenges.