If the price level increases, there is ________ the AD curve and the quantity of real GDP demanded ________
A) a movement upward along; increases
B) a leftward shift in; decreases
C) a movement downward along; increases
D) no change in; does not change
E) a movement upward along; decreases
E
Economics
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Define what is meant by the period known as the short run
What will be an ideal response?
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Assume the interest parity condition holds and that initially i = i*. A reduction in the foreign interest rate (i*) will cause
A) an increase in the demand for the domestic currency. B) an increase in E. C) an expected depreciation of the domestic currency. D) all of the above
Economics