A Leftward Shift in the AD Curve Accompanied by a Leftward

question 70

Multiple Choice

A leftward shift in the AD curve accompanied by a leftward shift of the AS curve will

• A)increase the price level but have an uncertain effect on GDP.
• B)reduce the price level but have an uncertain effect on GDP.
• C)increase GDP but have an uncertain effect on the price level.
• D)reduce GDP but have an uncertain effect on the price level.
• E)increase both GDP and the price level.

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Definitions:

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