Answer:
I would have to go with the first one.
Explanation:
May I get brainliest please?
71 percent of earths surface is coverd by water
If consumer confidence decreases then aggregate demand will
decrease and output will decrease but price level will increase.
If Congress passes a plan to cut the national debt in half by increasing personal income taxes, then
AD shifts left and price level would decrease
Question 5(Multiple Choice Worth 3 points)
Assume Angela’s disposable income is $800 and her boss gives her a $100 raise. Her consumption increased from $600 to $650. Which of the following is true?
MPC = .75
The value of the expenditure multiplier increases when
tax rates increase.
the marginal propensity to consume increases.
Disposable Income Consumer Spending
$12,000
Answer: The economy is likely to suffer from a recession
Explanation:
Contraction simply means when a particular economy is in decline. When the real gross domestic product for a certain economy reduces for two quarters, then it is said that recession is taking place in such economy.
When a particular economy plunges into contraction, this will likely lead to more unemployment in the economy. When there's recession, there's a reduction in the level of activity for that economy and there's also the reduction in the demand for goods and services.
