If the Price Level Falls but People Don't Feel Richer

question 99

Multiple Choice

If the price level falls but people don't feel richer because of that fall, then the AD curve would likely:

• A)shift in.
• B)shift out.
• C)be flatter than it otherwise would be.
• D)be steeper than it otherwise would be.

---

Definitions:

Atherosclerosis

A cardiovascular disease characterized by the buildup of fatty deposits, cholesterol, and other substances on the artery walls, leading to reduced blood flow.

Coronary Heart Disease

A chronic disease that results from a reduction in blood flow from the coronary arteries, which supply the heart with blood.

Myocardial Infarction

A medical condition commonly known as a heart attack, resulting from the blockage of blood flow to the heart muscle.

Atherosclerosis

A condition characterized by the hardening and narrowing of the arteries due to the buildup of plaque, leading to potential heart disease and stroke.