A Leftward Shift of the AD Curve Accompanied by a Rightward

question 88

Multiple Choice

A leftward shift of the AD curve accompanied by a rightward shift of the AS curve will

• A)reduce the price level but have an uncertain effect on unemployment.
• B)reduce unemployment but have an uncertain effect on the price level.
• C)increase the price level but have an uncertain effect on unemployment.
• D)increase unemployment but have an uncertain effect on the price level.
• E)increase both the price level and unemployment.

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Definitions:

Operating System

The software that manages a computer's hardware and software resources, providing common services for computer programs.

ROM

Read-Only Memory, a type of non-volatile storage that is primarily used to store firmware or application software in electronic devices.

RAM

Short for Random Access Memory, a type of computer memory that can be accessed randomly and is used for storing the working data and machine code currently being used.

FORTRAN

A high-level programming language used primarily for numerical and scientific computing, known for its efficiency in the areas of complex mathematical calculations.