Multiple Choice
(Figure: Decline in Aggregate Demand) The figure shows a decline in aggregate demand. A possible effect of this would be:
A) an increase in long-run aggregate supply
B) an inflation
C) a recession
D) an increase in price level
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q59: The slope of the long-run aggregate supply
Q60: When aggregate demand declines, an economy will
Q61: Which of the following would NOT shift
Q62: Which of the following would NOT cause
Q63: The aggregate supply and aggregate demand model
Q65: The U.S. Great Recession of 2007 to
Q66: Which of the following might cause demand-pull
Q67: Aggregate demand is the:<br>A) total demand for
Q68: Changes in what five things will cause
Q69: (Figure: Increase in Aggregate Demand) The figure