Multiple Choice
If aggregate demand shifts to the left by $400 billion and aggregate supply is upward-sloping,then real output will decrease by
A) $400 billion,and the price level will not change.
B) Less than $400 billion,and the price level will fall.
C) $400 billion,and the price level will fall.
D) More than $400 billion,and the price level will not change.
Correct Answer:
Verified
Correct Answer:
Verified
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