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 fall.
B) The aggregate expenditure line will shift upward.
C) The equilibrium real gross domestic product will increase.
D) There will be a downward movement along the aggregate demand curve of the economy.
E) The aggregate demand curve of the economy will shift rightward.
Correct Answer:
Verified
Correct Answer:
Verified
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