Multiple Choice
A fall in the price level causes changes in the IS-LM diagram that can also be recorded as a
A) rightward shift of the AD curve.
B) leftward shift of the AD curve.
C) movement downward along an AD curve.
D) movement upward along an AD curve.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: Suppose that from an initial AD/SAS/LAS intersection,the
Q33: Suppose that from an initial AD/SAS/LAS intersection,the
Q34: Consider an initial IS-LM equilibrium point which
Q35: Figure 7-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2645/.jpg" alt="Figure 7-5
Q36: The long-run aggregate supply curve is<br>A)vertical at
Q38: What was the behavior of nominal wages
Q39: If autonomous spending does NOT respond to
Q40: If the productivity of labor were suddenly
Q41: Which of the following will NOT shift
Q42: The term monetary impotence refers to the<br>A)failure