Multiple Choice
If fiscal policy is used to close an expansionary gap,the _____.
A) short-run aggregate supply curve shifts leftward and the price level falls
B) short-run aggregate supply curve shifts rightward and the price level increases
C) short-run aggregate supply curve shifts rightward and the price level falls
D) aggregate demand curve shifts leftward and the price level falls
E) aggregate demand curve shifts rightward and the price level falls
Correct Answer:
Verified
Correct Answer:
Verified
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