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Which of the Following Statements Is Correct? I

Question 161

Multiple Choice

Which of the following statements is correct? I. When economists derive the aggregate demand curve, they are looking at the effect of the price level on one commodity only.
II) Any non-price-level change that increases total planned real spending on domestic goods shifts the AD curve to the right.


A) I only
B) II only
C) Both I and II
D) Neither I nor II

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