Multiple Choice
Suppose that during the Great Depression long-run aggregate supply shifted left.To be consistent with what happened to the price level and output,what would have had to happen to aggregate demand?
A) It would have to shifted left by less than aggregate supply.
B) It would have to shifted left by more than aggregate supply.
C) It would have to shifted right by less than aggregate supply.
D) It would have to shifted right by more than aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
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