Suppose the Canadian Price Level Increased Relative to Price Levels

question 13

Multiple Choice

Suppose the Canadian price level increased relative to price levels in foreign countries.How would domestic aggregate supply and aggregate demand curves be affected?  

• A) The aggregate supply curve would shift outward, and the aggregate demand curve would remain unchanged. 
• B) The aggregate supply curve would shift inward, and the aggregate demand curve would remain unchanged. 
• C) The aggregate demand curve would shift outward, and the aggregate supply curve would remain unchanged. 
• D) The aggregate demand curve would shift inward, and the aggregate supply curve would remain unchanged.

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