Question
Consumer confidence began to decline, causing a decrease in autonomous consumption spending, ceteris paribus. Ceteris paribus, which shift on the below graph could illustrate this
Consumer confidence began to decline, causing a decrease in autonomous consumption spending, ceteris paribus. Ceteris paribus, which shift on the below graph could illustrate this change in the economy?
A From point A to point B
B From point B to point C
C From point C to point D
D From AD2 to AD1
E From AD2 to AD3
Price Level A B AD Real GDP D AD AD 3 Price Level A B AD Real GDP D AD AD 3
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
