Q47 3 Points Suppose That The Stock Market Has Been Performing Well Lately The Retirement Portfolio Of The Average Hous 1 (492.23 KiB) Viewed 48 times
Q47 3 Points Suppose that the stock market has been performing well lately. The retirement portfolio of the average household has gained substantial value and so consumers are more interested in buying goods and services for consumption purposes. Q471 1 Point In the short-run, an increase in the demand for household consumption: O shifts the short-run aggregate supply curve to the left. shifts the short-run aggregate supply curve to the right. shifts the aggregate demand curve to the right. O shifts the aggregate demand curve to the left. Save Answer Q47.2 1 Point Following an increase in the demand for household consumption, in the short-run O the price level will rise and output will rise. O the price level will fall and output will rise. O the price level will rise and output will fall. O the price level will fall and output will fall.
Q47.3 1 Point Following an increase in the demand for household consumption, in the long-run the price level will rise further and output will return to its initial long-run level. the price level return to its initial long-run level and output will rise further. the price level and output will both urn their respective initial long-run levels. O the price level and output will rise further. Save Answer
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