A decrease in the price level will A move the economy down along a stationary

A decrease in the price level will a move the economy

This preview shows page 5 out of 5 pages.

55) A decrease in the price level will A) move the economy down along a stationary aggregate demand curve.B) shift the aggregate demand curve to the left.C) shift the aggregate demand curve to the right.D) move the economy up along a stationary aggregate demand curve.Answer: A55)Page Ref: 818/436Learning Outcome: Macro-7: Use the aggregate supply-aggregate demand model to explain aggregatefluctuations in output and inflation. 56) Inflation will 56)Page Ref: 820-821/438-439Learning Outcome: Macro-7: Use the aggregate supply-aggregate demand model to explain aggregatefluctuations in output and inflation. 57) Spending on the war in Afghanistan is essentially categorized as government purchases. Howdo decreases in spending on the war in Afghanistan affect the aggregate demand curve? 57)Page Ref: 819/437Learning Outcome: Macro-7: Use the aggregate supply-aggregate demand model to explain aggregate fluctuations in output and inflation. 12
Background image

You've reached the end of your free preview.

Want to read all 5 pages?

  • Summer '19
  • Economics, Page Ref, Green Line, aggregate supply-aggregate demand, Supply-Aggregate Demand Model

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes