If the Economy Were Initially in Equilibrium and the Aggregate

question 81

Multiple Choice

If the economy were initially in equilibrium and the aggregate demand curve shifted to the left,

• A)employment would fall
• B)the price level would rise
• C)the aggregate supply curve would shift rightward
• D)the aggregate supply curve would shift leftward
• E)the economy would experience an expansion period

---

Definitions:

Comparative Negligence

A legal doctrine that distributes the responsibility and damages among the parties involved in an accident based on their respective degrees of fault.

Ordinary Care

The standard of care that a reasonably prudent person would use in a similar situation to avoid harm to others.

Alteration

The act of modifying or changing something, often referring to documents, clothing, or physical structures.

Same Sex Alliance

A partnership, union, or alliance that involves individuals of the same gender; often used in the context of legally recognized relationships or marriages.