If a Shift in the AD-Curve Has No Impact on the Price

question 21

Multiple Choice

If a shift in the AD-curve has no impact on the price level, then

• A)the unemployment rate must be extremely low
• B)the AD-curve must be vertical
• C)the AS-curve must be horizontal
• D)the AS-curve must be vertical
• E)both A and D

---

Definitions:

Unauthorized Acts

Actions taken by an individual or entity that have not been approved or sanctioned by the necessary authority or party.

Ratification

The process of officially sanctioning a treaty or agreement to make it legally binding.

Adoption

The legal process by which an individual assumes the parenting of another, usually a child, from that person's biological or legal parent(s).

Unauthorized Contracts

Unauthorized contracts refer to agreements made by individuals who lack the legal authority or capacity to bind themselves or another party to contractual obligations.