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Suppose the Economy Was Initially in Equilibrium, and the Aggregate

Question 17

Multiple Choice

Suppose the economy was initially in equilibrium, and the aggregate demand curve shifted to the left.Which of the following would likely occur in this model?  


A)  Employment would likely fall. 
B)  The price level would likely rise. 
C)  The aggregate supply curve would likely shift rightward. 
D)  The aggregate supply curve would likely shift leftward.

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