Which One of the Following Would Not Shift the Aggregate

question 277

Multiple Choice

Which one of the following would not shift the aggregate demand curve?

• A) a change in the price level
• B) depreciation of the international value of the dollar
• C) a decline in the interest rate at each possible price level
• D) an increase in personal income tax rates

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Definitions:

Competitive Market

A market structure characterized by many buyers and sellers, such that no single entity can dictate prices or terms of sale.

Soybean Market

A specific sector of the agricultural market focused on the trading and production of soybeans.

Supply Curve

A graph that shows the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Equilibrium Price

The price at which the quantity of a product demanded by consumers equals the quantity supplied by producers, leading to a balance in the market.