Multiple Choice
Suppose, the multiplier is 4. If the AE curve shifts down by 100 due to either investment slump or export slump, then:
A) the AD curve will shift to the left by 100.
B) the AD curve will shift to the left by 400.
C) the AD curve will shift to the right by 100.
D) the AS curve will shift to the left by 100.
Correct Answer:
Verified
Correct Answer:
Verified
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