A Decrease in the Price Level Will

question 95

Multiple Choice

A decrease in the price level will

• A)shift the aggregate expenditure line upward
• B)shift the aggregate expenditure line downward
• C)cause a movement up along the aggregate expenditure line
• D)cause a movement down along the aggregate expenditure line
• E)have no effect on the aggregate expenditure or the equilibrium level of real GDP

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Definitions:

Pint

A unit of volume measurement in the imperial and U.S. customary systems, equal to half a quart or approximately 473 milliliters.

Pharmacy

A pharmacy is a place where medications are stored, prepared, and dispensed to individuals based on a prescription from a licensed healthcare provider.

Medication

Drugs used to diagnose, treat, or prevent disease and improve health.

Fluid Ounces

A unit of volume used primarily in the United States to measure liquids.