
e Page(s) 357-360 12.2. What is aggregate demand? Which of the following would result in a decrease in U.S. aggregate demand? Correct Answer(s) Drag appropriate answer(s) here A stock market crash erodes U.S. citizens retirement savings. Buyers become less optimistic about their future income. Buyers become more optimistic about their future income An increase in the price level leads foreign consumers to substitute away from U.S. goods. South American nations experience a recession Drag appropriate answer(s) here Incorrect Answer(s)
Answer
Correct statements –
A stock market crash erodes US citizens retirement savings.
South American nations experience a recession
Buyers become less optimistic about their future income.