Welcome to Westonci.ca, the place where your questions are answered by a community of knowledgeable contributors. Our platform connects you with professionals ready to provide precise answers to all your questions in various areas of expertise. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields.

Suppose that America's real estate market is booming, and the average single-family home gains 30% in value. Within the context of the Aggregate Demand / Aggregate Supply Model, how is America's MACRO economy impacted by this event?

A. There will likely be an INCREASE (shift to the right) in America's Aggregate Demand (AD curve)
B. There will likely be an INCREASE (shift to the right) in America's Aggregate Supply (AS curve)
C. There will likely be a DECREASE (shift to the left) in America's Aggregate Demand (AD curve)
D. There will likely be a DECREASE (shift to the left) in America's Aggregate Supply (AS curve)