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Pessimism Suppose the Economy Is in Long-Run Equilibrium. Then Because of of Corporate

Question 24

Multiple Choice

Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.


-Refer to Optimism.Which curve shifts and in which direction?


A) aggregate demand shifts right
B) aggregate demand shifts left
C) aggregate supply shifts right.
D) aggregate supply shifts left.

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