If a fall in the price level made people feel richer and initially increased aggregate expenditures by 20, the AD curve would:
A)shift by more than 20.
B)shift by less than 20.
C)shift by exactly 20.
D)not shift at all.

Question

Quizplus · Accepted Answer

The Answer of If a fall in the price level made people feel richer and initially increased aggregate expenditures by 20, the AD curve would:
A)shift by more than 20.
B)shift by less than 20.
C)shift by exactly 20.
D)not shift at all.

If a Fall in the Price Level Made People Feel