Multiple Choice
A change in wealth induced by a change in the price level is shown as a
A) movement along the aggregate demand curve.
B) movement along the aggregate demand curve due to substitution effects.
C) shift of the aggregate demand curve due to substitution effects.
D) shift of the aggregate demand curve due to the wealth effect.
E) movement along the aggregate supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
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