Recent news suggests that a recession is likely in the next year. This has made consumers...

 

Transcribed Image Text:

Recent news suggests that a recession is likely in the next year. This has made consumers and businesses pessimistic about the future. This will cause the credit demand curve to shift to the right. shift to the left. remain the same, but move along the curve as the interest rate changes. Recent news suggests that a recession is likely in the next year. This has made consumers and businesses pessimistic about the future. This will cause the credit demand curve to shift to the right. shift to the left. remain the same, but move along the curve as the interest rate changes.

Answer rating: 100% (QA)

Step 12 The correct option is Option bie Shift to the left Explanation The aggregate demand curve mo... View the full answer