The increased pessimism will affect the aggregate demand curve by: shifting the aggregate demand curve to the left.
<h3>What is Aggregate Demand Curve?</h3>
An aggregate demand curve can be described as curve that shows the total spending that is made on domestic goods and services based on different price levels.
When the aggregate demand curve shifts to the right, it means demand is increased. However, wen aggregate demand curve shifts to the left, it means demand decrease.
Recession that happened in 2007-2009 that made many consumers pessimistic about their future incomes discourages buying. This leads to a decrease in demand which will make the aggregate demand curve to shift to the left.
Therefore, the increased pessimism will affect the aggregate demand curve by: shifting the aggregate demand curve to the left.
Learn more about aggregate demand curve on:
brainly.com/question/17118208
#SPJ4
I would say that this statistic probably refers to the richest countries where the standard of living is higher than poor countries and if it was infant mortality then more modern health facilities and access to them would be a strong factor hopefully better in the countries with a higher standard of living. On the other hand, Cuba has an infant mortality of 4.76 deaths per 1000 live births compared to 5.90 for the US so is a testament to the success of their social system.
Answer:
wages decrease
Explanation:
Labor is a factor of production and has a price like all other inputs. In the economy, labor is a commodity whose price is determined by the forces of demand and supply. When there is an oversupply of labor, its equilibrium price will decrease.
The equilibrium price of labor is the prevailing wage rate, where demand matches supply. When immigration adds to the labor force, it means an additional supply of able and willing workers in the markets. There will be many sellers or workers offering to supply labor services to the existing job openings. As a result, the price of labor will reduce as buyers or employers can lower the wage rate and still get the labor services they require.
Answer:
MS WORD IS A MULTI PURPOSE WORD PROCESSOR WHICH HELPS IN CREATING
- BROCHURES
- LETTERS
- GREETING CARDS etc.
<h2>
<u>please</u><u> </u><u>follow</u><u> </u><u>me </u><u>and </u><u>mark </u><u>it </u><u>brainliest</u></h2>
Answer: True
Explanation:
In business, terms of agreement which is concluded earlier stands a better chance to stand over decisions taken at the later moment.
The means of communication here affected how the communication went. They both used mail postage but that which were initially agreed would stand over that which is being cancelled later.
