In the Long Run, a Leftward Shift of the Aggregate

question 103

Multiple Choice

In the long run, a leftward shift of the aggregate demand curve will lead to a(n) _____

• A) increase in the equilibrium output but will not change the price level in an economy.
• B) increase in the price level as well as the equilibrium output in an economy.
• C) decrease in the price level but will leave the equilibrium output unchanged in an economy.
• D) increase in the price level but will leave the equilibrium output unchanged in an economy.
• E) decrease in the price level as well as the equilibrium output in an economy.

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