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Exhibit 5-1

Question 115

Multiple Choice

Exhibit 5-1 Exhibit 5-1 -In Exhibit 5-1,what happens to the equilibrium price level in period 1 as the aggregate demand curve shifts from AD to AD' A) nothing B) falls from 4 to 3 C) falls from 4 to 1 D) rises from 1 to 4 E) falls from 4 to 2 Exhibit 5-1 -In Exhibit 5-1,what happens to the equilibrium price level in period 1 as the aggregate demand curve shifts from AD to AD' A) nothing B) falls from 4 to 3 C) falls from 4 to 1 D) rises from 1 to 4 E) falls from 4 to 2
-In Exhibit 5-1,what happens to the equilibrium price level in period 1 as the aggregate demand curve shifts from AD to AD'


A) nothing
B) falls from 4 to 3
C) falls from 4 to 1
D) rises from 1 to 4
E) falls from 4 to 2

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