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Author Question: Pessimistic consumer expectations and decreased government spending are both associated with: a. a ... (Read 64 times)

gbarreiro

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on: Jun 30, 2018
Pessimistic consumer expectations and decreased government spending are both associated with:
 a. a downward movement along the aggregate demand curve.
  b. an upward movement along the aggregate demand curve.
  c. a leftward shift of the aggregate demand curve.
  d. a rightward shift of the aggregate demand curve.
  e. a steeper slope of the aggregate demand curve.

Question 2

Economists need to develop abstractions in order to:
 a. avoid analyzing real-world economic interactions, which are too complicated to understand.
  b. distinguish normative economic behavior from positive economic behavior.
 c. avoid committing the fallacy of composition.
 d. understand and explain economic behavior.


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KKcool

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

d


gbarreiro

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Reply #2 on: Jun 30, 2018
Correct answers!


KKcool

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Reply #3 on: Jun 30, 2018
Great! Please up vote :D


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