When the price level falls, the aggregate planned expenditure curve shifts ________, equilibrium expenditure ________ and there is a movement ________ along the aggregate demand curve
A) upward; decreases; downward
B) upward; increases; downward
C) upward; increases; upward
D) downward; decreases; downward
E) downward; increases; upward
B
Economics
You might also like to view...
Which of the following policy options would not be used to eliminate an inflationary gap?
a. Decrease government spending. b. Decrease consumption. c. Increase investment. d. Decrease taxes.
Economics
Price controls would ordinarily be used to increase rather than decrease prices of depletable resources.
Answer the following statement true (T) or false (F)
Economics