When the Aggregate Demand Curve Shifts to the Left, There

question 57

True/False

When the aggregate demand curve shifts to the left, there is a rise in prices and fall in GDP in the short run.

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Definitions:

Deficit Principle

A concept in motivational theory suggesting that a satisfied need is not a motivator of behavior; individuals are motivated to fulfill unmet needs.

Motivator of Behaviour

Any stimulus that drives an individual to engage in a particular behavior, often aimed at achieving a specific outcome or reward.

Progression Principle

In fitness and training, the idea that the intensity and duration of exercise should increase gradually over time for optimal improvement.