A Rightward Shift of the AD Curve in the Very

question 263

Multiple Choice

A rightward shift of the AD curve in the very steep upper part of the short-run AS curve will

• A) increase real output by more than the price level.
• B) increase the price level by more than real output.
• C) reduce real output by more than the price level.
• D) reduce the price level by more than real output.

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Definitions:

α,β-unsaturated Carbonyl

An organic compound with a double bond between the alpha and beta carbon atoms adjacent to a carbonyl group, participating in various chemical reactions.

PhCOCH

A general formula shorthand for compounds where a benzene ring (indicated by Ph, standing for phenyl) is attached to a carbonyl group (CO) and an additional unspecified group (CH), leading to a variety of possible chemical structures.

Cyclopentanecarboxylic Acid

A cycloalkane derived carboxylic acid, with the carboxyl group attached to a five-membered ring.

Reagents

Substances or compounds used in chemical reactions to cause or analyze a chemical change.