Which of the Following Is Most Likely to Happen If

question 120

Multiple Choice

Which of the following is most likely to happen if the aggregate demand curve for an economy (which was initially in equilibrium) shifts to the left?

• A)The equilibrium real GDP will decrease.
• B)The equilibrium price level in the economy will increase.
• C)The aggregate supply curve will shift rightward.
• D)The aggregate supply curve will shift leftward.
• E)The economy will experience an expansion.

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Definitions:

Measure

A method or tool used to quantify or assess a variable or condition.

Value

Refers to the importance or worth that a product or service has in the eyes of the consumer, often influencing their purchasing decisions.

Marketing Mix

Refers to the set of actions, or tactics, that a company uses to promote its brand or product in the market, typically encapsulated by the four Ps: Product, Price, Place, and Promotion.

Place Element

Aspects of marketing that focus on the distribution and availability of a product or service to the target consumer.