Suppose the economy is in long-run equilibrium. then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time. refer to pessimism. which curve shifts and in which direction? a. aggregate supply shifts left. b. aggregate demand shifts left c. aggregate supply shifts right. d. aggregate demand shifts right

Which of the following describes one of the ways that the demographics of an area affect the price of housing in that area? a. when more people have children, their incomes tend to be higher and the housing prices are also higher. b. older people are more likely to stay in their houses, creating a seller's market that keeps prices low. c. an area with a lower population density won't have enough construction workers to build new houses quickly. d. an area with younger people will have a higher demand for rentals and a lower demand for buying.