Refer to the diagram below.Suppose that aggregate demand increased from AD1 to AD2.For the price level to stay constant:
A) the aggregate supply curve would have to shift rightward.
B) the aggregate supply curve would have to shift leftward.
C) real domestic output would have to remain constant.
D) the aggregate supply curve would have to be vertical.
Correct Answer:
Verified
Q51: Other things equal, a reduction in personal
Q68: The equilibrium price level and level of
Q105: Suppose that real domestic output in an
Q119: The following table gives information about the
Q121: Which would increase aggregate supply?
A)an increase in
Q122: Refer to the diagram below.Other things equal,
Q123: Refer to the diagram given below.
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents