An increase in the price level in the United States will have what effect on the aggregate expenditure line?
A) Aggregate expenditure will shift upward.
B) Aggregate expenditure will become steeper.
C) Aggregate expenditure will shift downward.
D) Aggregate expenditure will not be affected by an increase in the price level in the United States.
C
Economics
You might also like to view...
Which of the following would be an excellent example of a lumpy input
a. pancake griddles b. water c. labor d. corn e. pancake batter
Economics
Why is it more correct to say that the Fed (the central bank) controls the monetary base than to say it controls the amount of reserves?
What will be an ideal response?
Economics