Multiple Choice
What is the effect of a decrease in the price level?
A) an upward shift in the aggregate expenditure line
B) a fall in the equilibrium level of output demanded
C) an upward movement along a particular aggregate demand curve
D) a rightward shift in the aggregate demand curve
Correct Answer:

Verified
Correct Answer:
Verified
Q117: Suppose current real GDP is greater than
Q118: At the equilibrium level of real GDP,
Q119: Other things constant, how would a smaller
Q120: Suppose that the multiplier is 4, autonomous
Q121: Suppose the level of autonomous spending increases
Q123: Other things constant, how does an increase
Q124: Which of the following is NOT included
Q125: On the aggregate expenditure graph, suppose autonomous
Q126: Suppose an increase in planned investment of
Q127: How will an increase in the price