Pessimism Suppose the Economy Is in Long-Run Equilibrium. Then Because of of Corporate

question 62

Multiple Choice

Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.


-Refer to Optimism.Which curve shifts and in which direction?

• A)aggregate demand shifts right
• B)aggregate demand shifts left
• C)aggregate supply shifts right.
• D)aggregate supply shifts left.

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Antitrust Laws

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Competitive Economy

An economic system where businesses operate in a free market, competing for consumers' preference and resources, driving innovation, efficiency, and diversity of goods and services.

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