Identify the most likely impact of a decrease in the wealth of consumers in an economy,other things remaining constant.

A) A leftward shift of the aggregate supply curve
B) A leftward shift of the aggregate demand curve
C) An upward movement along the aggregate demand curve
D) A downward movement along the aggregate demand curve
E) A steeper aggregate supply curve

Aggregate Demand Curve

A curve that shows the relationship between the overall price level and total demand for goods and services in an economy.

Aggregate Supply Curve

A graphical representation showing the total supply of goods and services that companies in an economy are willing and able to produce at different price levels, over a specific time period.

Wealth of Consumers

The total value of all assets owned by consumers minus any liabilities; it reflects the economic resources available to consumers.