A shift to the _____ of the _____ curve would cause the price level and employment to decrease.
A) left; aggregate demand
B) right; aggregate demand
C) left; short-run aggregate supply
D) right; short-run aggregate supply

Question

Quizplus · Accepted Answer

A shift to the left of the aggregate demand curve would cause a decrease in the price level and employment, as there would be a decrease in overall demand for goods and services in the economy. This would lead to a decrease in production and employment levels, causing a downward shift in the short-run aggregate supply curve.

A Shift to the _____ of the _____ Curve Would

A Shift to the _ of the _ Curve Would