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Loraine Loraine
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Posts: 4563
8 years ago
If people's expectations about future income improve so they think their future income will be higher than previously believed, then the AD curve
A) will not change until income actually rises.
B) will shift leftward because people will spend less now.
C) will shift rightward because people will increase spending now.
D) and the AS curve will both shift leftward because people will increase their saving.
E) will not shift, but potential GDP will increase.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 231 times
1 Reply
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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Posts: 3807
8 years ago
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Loraine Author
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8 years ago
This site is awesome
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Thank you, thank you, thank you!
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2 hours ago
Helped a lot
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