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The stock market has been very strong over the last year, and
housing prices are starting to recover. This would suggest
that:

A.

Consumers feel poorer and the
aggregate demand curve is shifting to the left.

B.

Consumers feel richer and the aggregate
demand curve is shifting to the right.

C.

Consumers feel poorer and the aggregate
demand curve is shifting to the right.

Consumers feel richer and the aggregate
demand curve is shifting to the left.

NEXT QUESTION

Given the shift in the
aggregate demand curve in the previous question, we might expect
the price level to:

A.

Begin to rise

B.

Begin to fall

C.

Remain constant.

D.

No way to tell because there is no
connection beween the aggregate demand curve and the price
level.

NEXT QUESTION

Given the anticipated change in the price
level referenced in the previous question, we would expect nominal
interest rates to go:

A.

A recession

B.

Stagflation

C.

An expansion

D.

A contraction

A.

Go up

B.

Go down

C.

Remain the same

D.

There is no economic model that
would suggest the direction of the unemployment rate.

NEXT QUESTION

In general, the economic circumstances
described in the previous three questions would be known as:

A.

Up

B.

Down

C.

Remain constant

D.

There is no economic model that
would suggest the direction of interest rates.

NEXT QUESTION

Given the change in the level of economic
activity referenced in the previous questions, we would expect the
unemployment rate to: