When an Aggregate Demand Curve Is Drawn with Real GDP

question 48

Multiple Choice

When an aggregate demand curve is drawn with real GDP (Y) along the horizontal axis and the price level (P) along the vertical axis, if the money supply is decreased, then the aggregate demand curve will shift:

• A) downward and to the left.
• B) downward and to the right.
• C) upward and to the left.
• D) upward and to the right.

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