In an Aggregate Demand and Aggregate Supply Graph, a Contractionary

question 158

Multiple Choice

In an aggregate demand and aggregate supply graph, a contractionary fiscal policy can be illustrated by a:

• A)leftward shift in the aggregate demand curve.
• B)rightward shift in the aggregate demand curve.
• C)rightward shift in the aggregate supply curve.
• D)movement along an existing aggregate supply curve.

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Definitions:

Farm Policy

Government regulations and policies that aim to stabilize food prices, ensure adequate food supply, and protect the interests of farmers and agricultural sectors.

U.S.

United States, a country in North America consisting of 50 states and a federal district, known for its significant influence on global economics and politics.

Demand Volatility

Refers to the degree of unpredictability or fluctuations in consumer demand for products or services over time.

Agricultural Products

Goods produced through farming and cultivation of the land.