Multiple Choice
Which of the following statements is correct?
A) A increase in people's expected future income shifts the aggregate demand curve leftward.
B) A tax increase shifts the aggregate demand curve leftward.
C) An increase in potential GDP shifts the aggregate demand curve rightward.
D) An increase in exports shifts the aggregate demand curve leftward.
E) The higher the price level, the larger is the quantity of real GDP demanded.
Correct Answer:
Verified
Correct Answer:
Verified
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