The Derivation of the Aggregate Demand Curve (AD) in the Open

question 9

Multiple Choice

The derivation of the aggregate demand curve (AD) in the open economy builds upon the Fact that, as the price level rises, other things equal,

• A) the LM curve shifts to the left but the IS and BP curves do not shift.
• B) the LM and BP curves shift to the left but the IS curve does not shift.
• C) the IS and LM curves shift to the left but the BP curve does not shift.
• D) the IS, LM, and BP curves all shift to the left.

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Definitions:

Job Analysis

The process of studying and collecting information related to the operations and responsibilities of a specific job.

Conducting

The act of directing or leading an orchestra, choir, or other musical ensemble, using gestures and movements to shape the music's performance.

Approaches

Various methods or strategies used in a particular field or discipline to address issues or solve problems.

Frederick Taylor

An American mechanical engineer who sought to improve industrial efficiency and is considered the father of scientific management, proposing that by optimizing and simplifying jobs, productivity would increase.