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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

Chapter 33, Problem 10

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QUESTION:

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

Questions & Answers

QUESTION:

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

ANSWER:

Step 1 of 2

Given data:

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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