Figure 33-2.
-Refer to Stock Market Boom 2014.Which curve shifts and in which direction?
A) aggregate demand shifts right
B) aggregate demand shifts left
C) aggregate supply shifts right
D) aggregate supply shifts left.

Question

Figure 33-2. 
-Refer to Stock Market Boom 2014.Which curve shifts and in which direction?
A) aggregate demand shifts right 
B) aggregate demand shifts left 
C) aggregate supply shifts right 
D) aggregate supply shifts left.

Quizplus · Accepted Answer

The stock market boom in 2014 would likely lead to increased consumer and investor confidence, leading to higher levels of consumption and investment. This increase in both consumption and investment would shift the aggregate demand curve to the right.

Figure 33-2. -Refer to Stock Market Boom 2014.Which Curve Shifts and in Shifts