If the Aggregate Demand Curve Shifts to the Left and the Aggregate

question 97

Multiple Choice

If the aggregate demand curve shifts to the left and the aggregate supply curve shifts to the right, the result will be a

• A)decrease in the level of output.
• B)decrease in the price level.
• C)higher price level.
• D)higher unemployment rate.

---

Definitions:

Ethical Subjectivist

The belief that moral judgments are statements of one's feelings or attitudes, and therefore, are neither true nor false.

Right

Morally good, justified, or acceptable; also refers to a legal entitlement or privilege.

Emotional Component

The aspect of a situation, experience, or decision-making process that is related to feelings, emotions, and affective states.

Conscience

An inner feeling or voice viewed as acting as a guide to the rightness or wrongness of one's behavior.