Figure 11.3
-Refer to Figure 11.3 to answer the following questions. Suppose the economy is initially at point d. A decrease in consumer confidence will move the economy back to equilibrium at point:

Question

Quizplus · Accepted Answer

A decrease in consumer confidence will lead to a decrease in aggregate demand, which will shift the AD curve to the left. This will move the economy back to equilibrium at point a, where the AD curve intersects the SRAS curve.

Figure 11.3 -Refer to Figure 11.3 to Answer the Following Questions. Suppose