Ceteris paribus,the price level will decrease if the aggregate
A) Supply curve shifts to the left.
B) Demand curve shifts to the left.
C) Demand curve shifts to the right.
D) Supply and demand curves both shift to the right.
Correct Answer:
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Q49: Which of the following would result if
Q50: A vertical aggregate supply curve
A)Implies that supply-side
Q51: The cost effect implies that
A)Higher costs are
Q52: The unique situation in which the behavior
Q53: According to Keynes,unemployment results from
A)Increased business investment
Q55: Controversies between Keynesian,monetarist,and supply-side theories focus on
Q56: The emphasis by some economists on long-term
Q57: Which combination of shifts of aggregate demand
Q58: In the long run,an increase in aggregate
Q59: Which group of economists believes that there
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