When changes in projected expenditure occur that are not brought on by adjustments in output or inflation rate, the aggregate demand curve moves.
Which of the subsequent will cause the aggregate demand curve to shift to the left?
- Aggregate demand would be reduced and the aggregate demand curve would be moved to the left if any of the components decreased. Consumption and investment will decline in response to a decline in consumer and corporate confidence, which will lower aggregate demand and cause the aggregate demand curve to shift to the left.
- In a long-run equilibrium, the inflation rate is steady, and the production is equal to the potential output. When the AD curve, SRAS line, and LRAS line all come together at one point, long-run equilibrium is depicted graphically.
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