Which of the following would cause the aggregate demand curve to shift to the left?
Group of answer choices
an advance in technology
a reduction in government funding for education
an increase in energy prices (oil, natural gas, etc.)
an increase in the money supply
Demand is always from the consumer side not from the producer side
An increase in technology will benefit the suppliers because this will cause the reduction in the production costs and the aggregate supply will shift right.
A reduction in government funding for education will leads to less money investment and this will impact the supply as human capital
An increase in money supply will lead to more demand because of more money in the hands of common people and businesses
Only in option C in which if there is increase in the energy prices then people will demand it less and this will cause the shift of demand curve to the left due to decrease in the demand
Hence answer is option C
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