The AD Curve Will Shift to the

question 82

Multiple Choice

The AD curve will shift to the

• A)right if the price level falls and the quantity of money is held constant.
• B)right if the price level rises and the quantity of money is held constant.
• C)right if the price level is held constant and the quantity of money rises.
• D)right if the price level is held constant and the quantity of money falls.

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Definitions:

Economic Growth

An increase in the capacity of an economy to produce goods and services, compared from one period of time to another.

Life Expectancy

The average number of years a person is expected to live based on demographic factors such as current age and gender, typically derived from statistical analysis.

Literacy Rate

The percentage of people within a population who are able to read and write at a specified age.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, measured by changes in the gross domestic product (GDP).