Which one of the following variables is not held constant along a given aggregate demand curve?
A)fiscal policy
B)monetary policy
C)the exchange rate
D)expectations about inflation
E)the price level

Question

Quizplus · Accepted Answer

The price level is the variable that changes along the aggregate demand curve. The other variables (fiscal policy, monetary policy, the exchange rate, and expectations about inflation) are assumed to be constant in the short run.

Which One of the Following Variables Is Not Held Constant