An increase in Social Security benefits will likely increase consumption and shift the aggregate demand curve to the right.

Name: An increase in Social Security benefits will likely increase consumption and shift the aggregate demand curve to the right.
Brand: Quizplus
Rating: 4.7 (32 reviews)

Question

Quizplus · Accepted Answer

An increase in Social Security benefits means that people will have more money to spend, which will lead to an increase in consumption. This increase in consumption will shift the aggregate demand curve to the right.

An Increase in Social Security Benefits Will Likely Increase Consumption