If Some Non-Price-Level Determinant Causes Total Spending to Increase,what Will

question 84

Multiple Choice

If some non-price-level determinant causes total spending to increase,what will the effect on aggregate demand be?

• A)a shift to the right
• B)a movement upward along the curve
• C)a shift to the left
• D)a movement downward along the curve

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Definitions:

Face Value

The nominal value printed on a coin, banknote, security, or bond, not necessarily its current market value.

Par Value

The face value of a bond or stock as stated by the issuing company, unrelated to its market value.

Market Value

The market price at which an asset or service is currently available for trading.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power over time.