In the Keynesian cross diagram, a decline in autonomous consumer expenditure causes the aggregate demand function to shift ________, the equilibrium level of aggregate output to fall, and the IS curve to shift to the ________,

What is the efficiency factor?

What will be an ideal response?

Credit card companies put a low "minimum required payment" on people's bills in the hope that people will send in low payments thereby allowing the card companies to earn more interest. The companies are trying to exploit the:

A. Framing effect B. Anchoring effect C. Confirmation bias D. Endowment effect