Everything Else Remaining the Same,if Aggregate Demand Changes,the Amount by Which

question 101

Multiple Choice

Everything else remaining the same,if aggregate demand changes,the amount by which the AD curve shifts depends on

• A)the change in aggregate supply.
• B)the change in autonomous expenditure and the multiplier.
• C)changes in induced expenditure.
• D)the change in the price level.
• E)none of the above.

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Definitions:

Income

The money received, especially on a regular basis, for work, through investments, or other sources.

Ipads

A line of tablet computers designed, developed, and marketed by Apple Inc., known for their touch screen interface and wide range of applications.

Quantity Demanded

The specific amount of a product consumers desire to buy at a particular price point, illustrating the relationship between price and demand.

Law of Supply

An economic principle stating that as the price of a good increases, suppliers will produce more of it, and as the price decreases, they will produce less.