If consumption increases,
A) the SRAS curve will shift rightward, which will push the price level up.
B) the SRAS curve will shift leftward, which will push the price level up.
C) the AD curve will shift leftward, which will push the price level down.
D) the AD curve will shift rightward, which will push the price level up.
D
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When the economy is operating at the equilibrium level of GDP, we know that
A) total planned real consumption expenditures equal real GDP. B) planned real investment spending equals real net exports of zero. C) total planned real expenditures equal real GDP. D) real net exports equal inventory changes.
Fixed exchange rates give countries too much freedom over their monetary policies, thereby threatening higher rates of inflation
a. True b. False Indicate whether the statement is true or false