Exhibit 5-1
-In Exhibit 5-1,what happens to the equilibrium price level in period 1 as the aggregate demand curve shifts from AD to AD'
A)nothing
B)falls from 4 to 3
C)falls from 4 to 1
D)rises from 1 to 4
E)falls from 4 to 2

Question

Exhibit 5-1  
-In Exhibit 5-1,what happens to the equilibrium price level in period 1 as the aggregate demand curve shifts from AD to AD'
A)nothing 
B)falls from 4 to 3 
C)falls from 4 to 1 
D)rises from 1 to 4 
E)falls from 4 to 2

Quizplus · Accepted Answer

The Answer of Exhibit 5-1  
-In Exhibit 5-1,what happens to the equilibrium price level in period 1 as the aggregate demand curve shifts from AD to AD'
A)nothing 
B)falls from 4 to 3 
C)falls from 4 to 1 
D)rises from 1 to 4 
E)falls from 4 to 2