Which of the Following Statements Is Correct

question 184

Multiple Choice

Which of the following statements is correct?

• A)An increase in the price level shifts the aggregate demand curve rightward.
• B)An increase in the price level shifts the aggregate demand curve leftward.
• C)An increase in the quantity of the money shifts the aggregate demand curve rightward.
• D)An increase in the real interest rate shifts the aggregate demand curve rightward.
• E)An increase in the money wage rate shifts the aggregate demand curve leftward.

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Definitions:

Rapidly Rising Wages

A situation where the remuneration for employees increases at a fast pace within a short period.

Increased Job Creation

The process of generating more employment opportunities within an economy or a specific sector.

Competitive Advantage

The unique attributes or circumstances that allow an organization to outperform its competitors.

Tangible Assets

Refers to physical and material assets that an organization owns, such as buildings, machinery, and inventory.