Solved

In the Long Run,a Leftward Shift of the Aggregate Demand

Question 118

Multiple Choice

In the long run,a leftward shift of the aggregate demand curve will lead to a(n) :


A) increase in equilibrium output but will not change the price level in an economy.
B) increase in the price level as well as the equilibrium output in an economy.
C) decrease in the price level but will leave the equilibrium output unchanged in an economy.
D) increase in the price level but will leave the equilibrium output unchanged in an economy.
E) decrease in the price level as well as the equilibrium output in an economy.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents