As the Aggregate Price Level Declines

question 125

Multiple Choice

As the aggregate price level declines

• A) there is a movement down along the aggregate demand curve.
• B) the aggregate demand curve shifts to the left.
• C) there is a movement up along the aggregate demand curve.
• D) the aggregate demand curve shifts to the right.

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Definitions:

House of Representatives

The lower chamber of the United States Congress, with members elected to represent geographical districts for two-year terms.

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The budget prepared and submitted by the executive branch of government, detailing proposed revenues and spending for the forthcoming fiscal period.

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The legislative branch of the federal government in countries such as the United States, consisting of two houses: the Senate and the House of Representatives, responsible for making laws.