During the Great Recession,the U

question 42

Multiple Choice

During the Great Recession,the U.S.aggregate demand curve shifted to the left,in part,because

• A) there was an increase in expected income.
• B) the government dramatically increased taxes.
• C) there was a decrease in expected income.
• D) the Federal Reserve increased interest rates.
• E) U.S.housing prices increased.

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Definitions:

Adolescent

A person in the transitional stage of physical and psychological development that occurs between childhood and adulthood.

Optimistic Explanatory Style

A tendency to explain positive events as having permanent, personal, and pervasive causes.

Cultures

The customs, arts, social institutions, and achievements of a particular nation, people, or other social group.

Age

The length of time that a person or organism has been alive or a thing has existed.