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    Exam 11: Expenditure Multipliers
  5. Question
    A Fall in the Price Level Shifts the AE Curve
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A Fall in the Price Level Shifts the AE Curve

Question 224

Question 224

Multiple Choice

A fall in the price level shifts the AE curve ________ and ________ equilibrium expenditure.


A) upward; increases
B) upward; decreases
C) downward; increases
D) downward; decreases

Correct Answer:

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