Multiple Choice
If global pollution causes climatic changes that permanently harm crop production worldwide,aggregate supply and demand analysis would lead us to expect:
A) an increase in the price level.
B) a decrease in the price level.
C) rightward shifts of the aggregate demand and aggregate supply curves.
D) a leftward shift of the aggregate demand curve.
E) an increase in the potential level of real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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