-In the top panel of the diagram above,the fall in the price level from P = 12 to P = 10 shifts the planned aggregate expenditure line and ___________ short-run equilibrium output from ___________ to ___________.
A) increases;450;500
B) decreases;500;450
C) decreases;500;12
D) increases;10;12
E) decreases;12;10
Correct Answer:
Verified
Q18: The rightward shift in the LRAS curve
Q19: The AD-AS model combines
A) a short-run AS
Q20: A rightward shift in the LRAS curve
Q21: A fall in the price level
A) increases
Q22: The idea that a change in the
Q24: If everything else is held constant,an increase
Q25: A shift in the position of the
Q26: A rise in the price level
A) increases
Q27: If the aggregate demand curve is represented
Q28: When the price level falls,planned aggregate expenditure
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