According to Baumol and Blinder, from the Demand Side, an Increase

question 36

Multiple Choice

According to Baumol and Blinder, from the demand side, an increase in the price level causes aggregate expenditures to

• A)fall, resulting in a lower level of equilibrium income.
• B)fall, resulting in a higher level of equilibrium income.
• C)rise, resulting in a higher level of equilibrium income.
• D)rise, resulting in a lower level of equilibrium income.

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