Multiple Choice
If every household in Australia won a lottery which gave each of them an extra $50 000 to spend,the:
A) aggregate supply curve would shift to the right.
B) aggregate supply curve would shift to the left.
C) general price level would rise, causing a movement up the aggregate demand curve.
D) aggregate demand curve would shift to the left.
E) aggregate demand curve would shift to the right.
Correct Answer:
Verified
Correct Answer:
Verified
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