A sudden increase in business pessimism shifts the aggregate- curve, leading to output. a. supply; lower

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A sudden increase in business pessimism shifts the aggregate-________ curve, leading to ________ output.

a. supply; lower

b. supply; higher

c. demand; lower

d. demand; higher

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Essentials Of Economics

ISBN: 9780357723166

10th Edition

Authors: N. Gregory Mankiw

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Question Posted: Feb 26, 2024 03:01 AM

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A sudden increase in business pessimism shifts the aggregate-________ curve, leading to ________ output. a. supply; lower

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The answer is c demand lower Heres the explanation Aggregate demand AD Represents the total amount o...View the full answer

Essentials Of Economics

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A sudden increase in business pessimism shifts the aggregate- curve, leading to output. a. supply; lower