An Increase in ________ Shifts the AE Curve ________ and an Increase

question 60

Multiple Choice

An increase in ________ shifts the AE curve ________ and an increase in ________ shifts the aggregate demand curve ________.

• A) autonomous expenditure; upward; the price level; leftward
• B) the price level; downward; autonomous expenditure; rightward
• C) the price level; upward; autonomous expenditure; leftward
• D) autonomous expenditure; upward; the price level; rightward

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Definitions:

Identity

The characteristics, attributes, or qualities that make a person or thing unique and distinguishable from others.

Nominal GDP

The value of the final goods and services produced in a given year valued at that year’s prices.

Velocity of Money

The speed at which currency is transferred from one deal to another and the frequency of usage of a currency unit within a specific timeframe.

Unemployment

The state of being without a job despite actively looking for work, usually measured as a percentage of the labor force.