Multiple Choice
Which of the following is an effect of an increase in the price level in an economy?
A) The real value of dollar-denominated assets will increase.
B) The aggregate expenditure line will shift upward.
C) The equilibrium real gross domestic product will decrease.
D) There will be downward movement along a particular aggregate demand curve.
E) The aggregate demand curve will shift rightward.
Correct Answer:
Verified
Correct Answer:
Verified
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