Multiple Choice
An increase in the price level leads to
A) a rightward shift of the aggregate demand curve.
B) a leftward shift of the aggregate demand curve.
C) a movement upward along the aggregate demand curve.
D) a movement downward along the aggregate demand curve.
E) neither a shift in the aggregate demand curve nor a movement along it.
Correct Answer:
Verified
Correct Answer:
Verified
Q200: Changes in which of the following shifts
Q201: An increase in government expenditure on goods
Q202: If real GDP is less than potential
Q203: An inflationary gap is created when<br>A)real GDP
Q204: A fall in the price level brings
Q206: _ decreases aggregate supply.<br>A)An increase in potential
Q207: Moving along the aggregate supply curve,<br>A)the quantity
Q208: Which of the following does NOT shift
Q209: Stagflation is defined as a period when
Q210: Initially,demand-pull inflation will<br>A)increase the price level and