If consumers become less confident and begin to borrow and spend less, what will happen in the dynamic AD/AS model?
A. The short-run aggregate supply curve will shift downward.
B. The long-run aggregate supply curve will shift to the left.
C. The aggregate demand curve will shift to the left.
D. The aggregate demand curve will shift to the right.
Ans: C. The aggregate demand curve will shift to the left.
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