An increase in wealth would shift the:
A)aggregate demand curve rightward.
B)aggregate demand curve leftward.
C)aggregate supply curve rightward.
D)aggregate supply curve leftward.

Question

Quizplus · Accepted Answer

An increase in wealth would lead to an increase in consumer spending, which in turn would increase the aggregate demand for goods and services. Therefore, the aggregate demand curve would shift rightward.

An Increase in Wealth Would Shift The