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Question:

What are the most likely effects on aggregate demand in the current period of an increase in expected future incomes and of an increase in the money supply?

A Both increase aggregate demand.
Explaination

One increases aggregate demand and one decreases aggregate demand. An increase in expected future incomes will cause consumers to increase current expenditures (reduce current savings) in anticipation of the higher future incomes. An increase in the money supply will tend to decrease interest rates which will lead to increased consumer spending on durable goods and increased investment by businesses. Both effects increase aggregate demand.