At every point to the right of the AD curve there is
A) an excess demand for real balances.
B) an excess supply of real balances.
C) an excess demand for commodities.
D) an excess supply of commodities.
Correct Answer:
Verified
Q12: Figure 7-1 Q13: The aggregate demand curve may be derived Q14: An increase in the price level will Q15: The AD curve will shift to the Q16: The LM curve will shift to the Q18: Suppose that the administration proposes to follow Q19: Consider an initial IS-LM equilibrium in which Q20: The fixed price level that was assumed Q21: The SAS curve will be steeper the Q22: The short-run aggregate supply curve slopes upward
A)increase
A)right
A)left
A)greater
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