The effect of an increase in the price level on the aggregate-demand curve is represented by a a. movement to the left along a given aggregate-demand curve. b. shift to the right of the aggregate-demand curve. c. shift to the left of the aggregate-demand curve. d. movement to the right along a given aggregate-demand curve
The effect of an increase in the price level on the aggregate-demand curve is represented by a a. movement to the left along a given aggregate-demand curve. b. shift to the right of the aggregate-demand curve. c. shift to the left of the aggregate-demand curve. d. movement to the right along a given aggregate-demand curve
Chapter5: Introduction To Macroeconomics
Section: Chapter Questions
Problem 3.3P
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Question
The effect of an increase in the price level on the aggregate-demand curve is represented by a
a. |
movement to the left along a given aggregate-demand curve.
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b. |
shift to the right of the aggregate-demand curve.
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c. |
shift to the left of the aggregate-demand curve.
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d. |
movement to the right along a given aggregate-demand curve.
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