Multiple Choice
An increase in the price level will
A) shift the aggregate demand curve to the left
B) shift the aggregate demand curve to the right
C) result in a movement up to the left along the aggregate demand curve
D) result in a movement down to the right along the aggregate demand curve
E) have no effect on the aggregate quantity demanded
Correct Answer:
Verified
Correct Answer:
Verified
Q17: If the price level increases,other things constant,consumption
Q18: The economy will expand if<br>A)leakages exceed injections<br>B)injections
Q19: At the equilibrium level of real GDP,unplanned
Q20: A decrease in the price level will<br>A)shift
Q21: If an increase in planned investment of
Q23: Exhibit 9-9 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 9-9
Q24: If the marginal propensity to save is
Q25: We can use an aggregate expenditure line
Q26: Which of the following best describes the
Q27: A decrease in the price level will